Enerplus Williston Basin purchase

Enerplus Williston Basin purchase

By Mary Hansen
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.

78,700 net acres

$312 million US

62.7 MMBOE 2P Reserves

$65,000/Flowing BOE

Hess Historical Oil Production


These assets are a strong strategic and operational fit for Enerplus, further extending our high-return Bakken drilling inventory.

Ian Dundas, President and CEO, Enerplus