Whiting Petroleum Corp. (NYSE: WLL) closed the sale of its 50% interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system in North Dakota, the company said Jan. 3.
The plant and system are in Mountrail County, N.D.
The sale of its 50% interest in its Belfield natural gas processing plant and associated natural gas, crude oil and water gathering systems in Stark, Billings and Dunn counties, N.D., also closed.
The all-cash purchase price was $375 million, subject to closing and post-closing adjustments.
The redemption will be funded through the midstream asset sale, the company said.
Recommended Reading
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-10-04 - The oil and gas rig count fell by two to 585 in the week to Oct. 4.
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
2024-10-14 - Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.