Latest Breaking News On - Bakken interests - Page 1 : vimarsana.com

US: Zephyr Energy completes acquisition of oil producing interests in the Bakken Formation 01 Apr 2021 AIM-listed Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development, has announced the completion of its acquisition of non-operated working interests in currently producing and near-term production wells in the Bakken Formation, North Dakota, USA, as announced on 29 March 2021.  All conditions of the Acquisition were satisfied yesterday, including the transfer of title of the Bakken Interests to Zephyr and the release of the Operator liens, and all payments due in respect of the Acquisition have also been made, including payment of approx. $3.7 million for historical capital expenditure obligations and $300,000 to the Seller ($50,000 having already been paid in a non-refundable deposit).

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