Whiting Expands Position In Williston Basin's Sanish Field For $237 Million

摘要

WHITING PETROLEUM CORP.is expanding its position in the Williston Basin's Sanish Field through a pair of acquisitions totaling $237 million."We know and understand the Sanish Field extremely well and are very comfortable with the rate of return we are achieving,"Lynn A.Peterson,president and CEO of Whiting,commented in a company release on Feb.8.In the release,Whiting said it had entered into separate definitive agreements with two private companies to acquire nonoperated oil and gas aBets in the Williston Basin,where Whiting's operations are solely focused following its exit last year from the Denver-Julesburg Basin.The pair of transactions announced on Feb.8,which increase Whiting's average operated working interest to 74% from 61% throughout Sanish Field in Mountrail County,N.D.,continue a strategy the company put forth beginning in late 2020,according to Peterson.