Whiting Petroleum Expands Presence in Williston Basin
Whiting Petroleum has acquired oil and gas leasehold interests covering 111,966 gross acres (90,174 net acres) in the Montana portion of the Williston Basin from undisclosed sellers. The Company believes that the acquired properties are prospective in both the Bakken and Three Forks formations. The undeveloped leasehold acreage is located in Roosevelt and Sheridan Counties within Whiting's Starbuck Prospect area.
President and CEO, James J. Volker, commented, "We are very pleased with this addition to our acreage position in the Williston Basin. This acquisition brings our total net acreage in the Bakken and Three Forks Hydrocarbon System (BTFHS) of North Dakota and Montana to 532,266 net acres."
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