Vitesse Oil and Vitesse Energy acquire acreage in Williston Basin

Vitesse Oil LLC and Vitesse Energy LLC

Vitesse Oil LLC and Vitesse Energy LLC have acquired 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, and the acquisition closed on May 9.

The Vitesse companies’ CEO Bob Gerrity 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.”

Vitesse Oil is funded by Jefferies Capital Partners, an affiliate of Leucadia National Corporation. Vitesse Energy is funded by Leucadia National Corp.

 

 

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