The additional 367 plus net mineral acres acquired in the transaction are located within the Williston Basin of North Dakota. This acreage is located in the Bakken area.
The newly acquired wells have a current production sum of nearly 2,900 barrels of oil equivalent per day.
This acquisition enhances American Standard’s growth strategy by strengthening its production, reserves, and leases held by production as well as numerous sites to be developed (PUD locations).
The completed acquisition brings American Standard’s Bakken footprint to over 6,000 net acres. American Standard participates in close to 50 gross wells within this acreage in addition to its holdings in Texas.
