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Natural Resource completes acquisition of North Dakota oil and gas assets


Published Dec 24, 2013
Natural Resource Partners L.P.-2

Natural Resource Partners L.P. has completed the previously announced acquisition of non-operated working interests in oil and gas properties located in the Williston Basin of North Dakota from Sundance Energy, Inc. for approximately $33.7 million in cash after purchase price adjustments. The acquisition has an effective date of September 1, 2013.

The properties, which are all held by production and currently producing from the Bakken/Three Forks play, are located in McKenzie, Mountrail and Dunn counties and are actively being developed. The acquisition includes an interest in approximately 100 wells producing or in various stages of development as well as the opportunity to participate in future development locations. The acquisition is expected to be immediately accretive to NRP's unitholders.

Tags: Natural Resource Partners L.P.




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