NP Resources acquires Bakken assets

NP Resources LLC, a venture between NPR Management Holdings LLC, of Denver, Colorado, and Vortus Investments of Fort Worth, Texas, has acquired certain assets from an undisclosed seller in Billings, Golden Valley, and McKenzie counties, North Dakota.

The acquisition includes 89,500 net acres, 81.5% average working interest; 72,250 net acres HBP for development and 17,339 undeveloped net acres; 53 operated and seven non-operated wells, 85% average net revenue interest; 1,050 boe/d net production from the Bakken/Three Forks play; and 173 undeveloped drilling locations.

NP Resources is a newly formed company organized and managed by the principals, founders, and management of North Plains Energy LLC entities, along with its private equity partner, Vortus Investment Advisors LLC. 

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