Vermilion Energy Buys Bakken Assets in Saskatchewan – $345 Million

Deal includes 57,000 net acres in the Midale, Frobisher, Bakken and Three Forks/Torquay formations
Bakken Shale Map

Bakken Shale Map | Click to Enlarge

Vermilion Energy purchased $345 million in Saskatchewan acreage and other assets in mid-March 2014 from an undisclosed seller. With the acquisition, Vermilion establishes a long sought after core area in the Williston Basin. The assets include some Bakken and Three Forks properties.

 

[Read more...]

MENU