According to the company, the acquired properties, which include 13 operated 1,280-acre Bakken/Three Forks drilling spacing units, comprise about 17,282 net (39,310 gross) acres.
The properties are situated in Williams and McKenzie counties of North Dakota and Roosevelt and Richland counties of Montana that target the Middle Bakken as well as Three Forks zones.
Whiting Petroleum expects net oil and gas production from the properties to average 2,420 barrels of oil equivalent (BOE) per day in August 2013.
Proved reserves are expected to be acquired at 17.1 million BOE as of the 1 August 2013 effective date of the acquisition, of which 85% is oil and of which 24% is proved developed producing, while 76% is proved undeveloped.
