•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Black Ridge forgoes purchase of additional Bakken acreage

    Black Ridge Oil & Gas, Inc.

    Black Ridge Oil & Gas, Inc., formerly Ante5, Inc., did not close on the asset purchase agreement dated March 21, 2012 for the acquisition of over 8,655 net mineral acres in the Bakken/Three Forks trends in North Dakota.

    As of June 1, 2012, the company owned over 11,000 net mineral acres in the Bakken / Three Forks trends.

    Kenneth T. DeCubellis, CEO of Black Ridge Oil & Gas, commented, "Given current equity financing market conditions, we did not close on the 8,655 net acre asset purchase agreement. We will continue to focus on developing our existing acreage.

    “As of May 31, 2012, Black Ridge had 1.6 net wells in production, more than a 40% increase over the 1.12 net wells that the company previously reported in production as of March 31, 2012."

    Most Popular

    Related Articles

    GIP II and Hess form midstream Bakken JV

    06/15/2015 Global Infrastructure Partners (GIP) says that its second fund, Global Infrastructure Partners II, and affiliated funds, have agreed to enter into a strategic joint venture with Hess Corp. through ...

    Eclipse Resources begins $650 million offering of senior notes

    06/12/2015 Eclipse Resources Corp. intends to offer $650 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers under Rule 144A and Regulation S...

    Williams Partners acquires additional interest in UEO midstream partnership

    06/11/2015 Williams Partners LP says that its subsidiary Utica Gas Services has completed the acquisition of approximately 13% of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a subsi...

    Hess to sell interest in Bakken midstream assets and form new JV

    06/11/2015 Hess Corp. has agreed to sell a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion. Hess and Global Infrastructure Partners will ...

    EVEP closes Utica East Ohio divestment for $575 million

    06/11/2015 EV Energy Partners LP has closed the sale of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services LLC, a subsidiary of Williams Partners LP, and M3 Ohio Gathering L...

    UND research reveals truth behind satellite images of Bakken flares

    06/10/2015 Researchers from the University of North Dakota (UND) Energy & Environmental Research Center and the John D. Odegard School of Aerospace Science's Department of Earth System Science and Policy ...

    More Oil & Gas Financial Articles

    GIP II and Hess form midstream Bakken JV

    Mon, Jun 15, 2015

    Global Infrastructure Partners (GIP) says that its second fund, Global Infrastructure Partners II, and affiliated funds, have agreed to enter into a strategic joint venture with Hess Corp. through the acquisition of a 50% interest in Hess Infrastructure Partners, the owner of Hess’s midstream crude oil and natural gas infrastructure assets located primarily in the Bakken shale play.

    Eclipse Resources begins $650 million offering of senior notes

    Fri, Jun 12, 2015

    Eclipse Resources Corp. intends to offer $650 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.

    Williams Partners acquires additional interest in UEO midstream partnership

    Thu, Jun 11, 2015

    Williams Partners LP says that its subsidiary Utica Gas Services has completed the acquisition of approximately 13% of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a subsidiary of EV Energy Partners LP for $357 million.

    Hess to sell interest in Bakken midstream assets and form new JV

    Thu, Jun 11, 2015

    Hess Corp. has agreed to sell a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion. Hess and Global Infrastructure Partners will create a premier midstream joint venture – Hess Infrastructure Partners.

    EVEP closes Utica East Ohio divestment for $575 million

    Thu, Jun 11, 2015

    EV Energy Partners LP has closed the sale of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services LLC, a subsidiary of Williams Partners LP, and M3 Ohio Gathering LLC, for total cash consideration of $575 million. EVEP's net capital contribution to UEO was approximately $294 million. 

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ