The divested assets include non-operated working interests in approximately 18,000 net acres containing 87.8 net producing wells, and 4.1 net wells in process.
“The divestiture of our non-operated Williston basin asset will allow us to focus our resources on our core operated asset in the Fayetteville shale and continue to create value for our shareholders. We have enjoyed working with the Northern team on this transaction, and we wish them continued success with these great assets,” commented Justin Cope, Chief Executive Officer of Flywheel.
Vinson & Elkins acted as legal advisor, and RBC Richardson Barr, LLC served as exclusive financial advisor to Flywheel Bakken.
Source: Company Press Release
