logo
logo

Whiting Petroleum To Acquire Williston Basin Asset And Divest Colorado Asset

Jul 21, 2021about 4 years ago

Acquiring Company

Enerplus

Acquired Company

Williston Basin Asset

HoustonRenewable EnergyOil And GasEnergy

Description

Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) today announced that it has entered into separate definitive agreements to acquire oil and gas assets in the Williston Basin of North Dakota and divest of all its oil and gas assets in the Denver-Julesburg Basin of Colorado (the “Redtail assets”).

Company Information

Company

Enerplus

Location

Houston, Texas, United States

About

Enerplus is an independent oil and natural gas exploration and production company headquartered in Calgary. It focuses on the development of North American resources and was involved in various M&A activities to enhance its portfolio. The company has a diverse asset base, including operations in the Williston Basin.

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed