Gulf Oil and Gas accountACCOUNT

Vitesse Oil and Vitesse Energy Acquire 3,625 Net Acres in Williston Basin

Source: www.gulfoilandgas.com 5/14/2014, Location: North America

Vitesse Oil, LLC and Vitesse Energy, LLC announced the acquisition of non-operated oil and gas assets in the Williston Basin from a private seller consisting of a working interest in over 250 wells and approximately 3,625 net acres primarily in Williams, McKenzie and Mountrail counties. The purchase and sale agreement was originally signed on April 18, 2014 and the acquisition closed on May 9, 2014.

Bob Gerrity, CEO, remarked, “This acquisition represents meaningful production and high quality acreage in the core area of the Bakken and Three Forks play, and we are excited about this premier addition to our portfolio. We believe this transaction allows us to participate in the development of high value assets and is consistent with our growth strategy.”

Both Vitesse entities are managed by Bob Gerrity, CEO, and Brian Cree, President and CFO, and are based in the Centennial, Colorado area. Vitesse Oil, LLC is funded by Jefferies Capital Partners, an affiliate of Leucadia National Corporation. Vitesse Energy, LLC is funded by Leucadia National Corporation.

For more information about related Opportunities and Key Players visit Oil Shale Projects

Oil Shale News in United States >>

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.