American Standard Energy Acquires Interest in 6 ND Wells
American Standard Energy has completed a purchase of partial interests in six wells currently being drilled in the Williston Basin of North Dakota known as the Bakken. The wells are located in Williams, McKenzie and Dunn Counties of North Dakota. Scott Feldhacker, CEO of FDOG reported that "... purchasing minority interests in numerous wells shortens our investment timeline allowing American Standard Energy Corp. the luxury of choosing our operating partners. This type of transaction has allowed us to implement our overall business plan while shoring up our long term goals and further diversifying our well participation."
The six wells involved in this transaction provide a diverse addition to the 17 wells in which American Standard Energy Corp. currently participates.