Samson Oil & Gas has announced that it will secure 50,000 acres from Williston Basin properties.
The $16.5m cash deal will see Samson Oil & Gas acquire properties which produce approximately 720 BOPD from 41 net producing wells. The contract is expected to help increase Samson’s total reserve base by approximately 475%.
The agreement also states that the corporation will secure associated facilities in North Dakota and Montana.
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