Sequel Energy, GE Energy Financial Services, Lucas Capital sell ND reserves

Sequel Energy LLC

Denver, CO-based Sequel Energy LLC, GE Energy Financial Services, and Lucas Capital Management LLC have sold their Williston Basin conventional oil and gas reserves in North Dakota to an undisclosed buyer for $210 million. 

Privately held Sequel, through its ongoing partnership with GE Energy Financial Services, and equity investment from Lucas Capital, retained ownership in the Bakken and Three Forks shale, including approximately 4,100 barrels of oil equivalent daily net production and 53,000 net acres of leasehold in North Dakota’s Williston Basin. The company will continue to focus on its operated drilling programs in Williams and McKenzie County. Sequel’s Williams County program, initiated in mid-2012, is successful. The company is expected to complete its first McKenzie County well by the end of September.

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...