Untitled Document
Untitled Document

American Standard adds Bakken, Three Forks acreage

TEMPE, AR - American Standard Energy Corp. has executed a Purchase Agreement to acquire additional Bakken and Three Forks acreage including partial interest in 26 additional gross wells, of which 15 are currently producing, 10 completing and one drilling. The additional 367 plus net mineral acres acquired in the transaction are located within the Williston Basin of North Dakota.

The newly acquired wells have a current production sum of nearly 2,900 barrels of oil equivalent per day.

Scott Feldhacker, American Standard Energy's CEO stated, "This type of transaction is instrumental to our short and long-term goals. We are able to expand our current production, as well as secure our long term focus with multiple leases being held by production. Our ability to purchase leasehold acreage that is held by production and wells currently in development is a testament to our industry relationships."

The completed acquisition brings American Standard's Bakken footprint to over 6,000 net acres. American Standard participates in close to 50 gross wells within this acreage in addition to its holdings in Texas. 

American Standard Energy Corp. is an exploration and production company based in Tempe, Arizona. American Standard Energy's primary focus is the Williston Basin Bakken and Three Forks trend in North Dakota as well as The Eagle Ford shale and Permian Basin of Texas. 

Source: American Standard Energy Corp.

Related Articles

Parsley Energy joins Russell indexes

07/01/2014 Parsley Energy Inc. has been added to the broad market Russell 3000, small-cap Russell 2000, and Russell Global indexes, along with appropriate style, sector, and country indexes, effective after t...

Texas running one-quarter of all drilling rigs

06/30/2014 With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

Abraxas closes public offering

06/25/2014 Abraxas Petroleum Corp. has closed its public offering of 11,500,000 shares of common stock, including 1,500,000 shares sold pursuant to the exercise by the underwriters of their full option to pur...

Diamondback subsidiary, Viper Energy Partners, closes IPO

06/23/2014 Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc., and Diamondback have reported the closing of Viper's initial public offering of 5,750,000 common units representing limited partne...

Bridger enters into agreement with OEMI

06/23/2014 Bridger LLC, an integrated crude oil midstream logistics company based in Dallas, Texas, has executed an agreement to provide dedicated trucking services for the crude oil marketing business of Occ...

More Oil & Gas Financial Articles

Parsley Energy joins Russell indexes

Tue, Jul 1, 2014

Parsley Energy Inc. has been added to the broad market Russell 3000, small-cap Russell 2000, and Russell Global indexes, along with appropriate style, sector, and country indexes, effective after the market close on June 27, in association with Russell Investments’ annual reconstitution of its comprehensive set of US and global equity indexes.

Texas running one-quarter of all drilling rigs

Mon, Jun 30, 2014

With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

Abraxas closes public offering

Wed, Jun 25, 2014

Abraxas Petroleum Corp. has closed its public offering of 11,500,000 shares of common stock, including 1,500,000 shares sold pursuant to the exercise by the underwriters of their full option to purchase additional shares at a price of $5.00 per share, less applicable underwriting discounts.

Diamondback subsidiary, Viper Energy Partners, closes IPO

Mon, Jun 23, 2014

Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc., and Diamondback have reported the closing of Viper's initial public offering of 5,750,000 common units representing limited partner interests at $26.00 per common unit.

Bridger enters into agreement with OEMI

Mon, Jun 23, 2014

Bridger LLC, an integrated crude oil midstream logistics company based in Dallas, Texas, has executed an agreement to provide dedicated trucking services for the crude oil marketing business of Occidental Energy Marketing Inc.  

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ