These leases are about 20 miles from the Crosby pool and include 1,066.5 gross acres and 135.056 net acres in Divide County.
The company will first try to obtain extra mineral land in this area, and expects to start drilling in the fourth quarter of 2011.
JayHawk president Marshall Diamond-Goldberg said despite high drilling and completion costs both acquisitions are economically attractive as the expected recoverable reserves are between 300 and 800 thousand barrels of light sweet crude separately in the Bakken and Three Forks.
