Peregrine continues activities in North Dakota shale plays

Peregrine Petroleum LLC

Texas-based Peregrine Petroleum LLC is continuing its oil and gas exploration and development activities in the Bakken and Three Forks shale plays in North Dakota's Williston Basin region following last year's acquisition of 3,210 acres of producing leases from Colorado-based Ranch Oil Co.

Peregrine recently filed drilling spacing unit applications in the Pierre Creek field located in the Bakken shale play. These applications are part of Peregrine's producing leases in McKenzie County, North Dakota.

Peregrine, founded by a group of energy industry veterans from Hunt Petroleum Corp., also has a non-operated position with Colorado-based Kodiak Oil and Gas Corp. in the Fort Berthold Indian Reservation in Dunn County, North Dakota. Kodiak and Peregrine completed their first horizontal well in the Bakken shale play in early 2009, and continue to drill and complete successful wells in Dunn County.

Founded in 2008, Peregrine Petroleum is a private oil and gas exploration and development company. With offices in Dallas and Houston, Peregrine maintains active operations in US oil and gas trends, including the Permian Basin in West Texas and the Bakken and Three Forks shale play in North Dakota's Williston Basin. Peregrine's continuing growth initiatives are focused on internal and external oil and gas exploration and development, joint ventures and acquisitions in the Permian Basin, Williston Basin, East Texas, Gulf Coast and Middle America regions.

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