Enerplus Williston Basin purchase
April 8, 2021
Enerplus entered into an agreement to acquire assets in the Williston Basin from Hess Corporation for a total cash consideration of US$312 million. McDaniel provided an independent reserves report on the properties, assigning proved plus probable reserves of 62.7 MMBOE ( consisting of 56.8 MMbbls of oil and natural gas liquids and 35.1 Bcf of gas). The deal will close in May 2021.
These assets are a strong strategic and operational fit for Enerplus, further extending our high-return Bakken drilling inventory.