Text Size:
A | A

Whiting Farms Out Interest In 26 ND Sanish Units, Sells 50% Of Midstream For $107MM

Text Size: A | A
Steve Toon
June 5, 2009

Denver-based Whiting Petroleum Corp. (NYSE: WLL) reports it has farmed out a 50% working interest in the western portion of its Sanish Field in Mountrail County, North Dakota, and sold a 50% interest in a gas plant and gathering system to privately held Kaiser-Francis Oil Co., Tulsa, Oklahoma, for $107.3 million.

Kaiser-Francis paid $6.4 million for acreage costs, $65.8 million for 65% of Whiting's cost in the 18 wells currently drilled or drilling, and $35.1 million for a 50% interest in Whiting's Robinson Lake gas plant and oil and gas ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription