Williston Basin Seller | Stephens

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Financial Advisor

Williston Basin Seller

Value Not Disclosed 12/02/2022 Energy & Clean Energy Transition Complete
Private Companies
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Transaction Details

  • In December 2022, Sitka Petroleum, LLC partnered with Pontem Energy, LLC to purchase Williston Basin assets from an undisclosed seller for an undisclosed transaction value
  • Assets located in the core oil fields of the Bakken Play; Clarks Creek, Reunion Bay, Antelope, Van Hook, Heart Butte and Deepwater Creek
  • ~38,000 net acres; 100% HBP acreage position and 87% operated
  • The Transaction was structured as a corporate sale of the Company

About the company

Undisclosed Seller

The Company is a data-driven and process oriented Williston Basin E&P company focused on non-conventional oil and gas development based in Houston, Texas.

Pontem Energy, LLC

Pontem Energy is an investment firm that provides alternative capital and operations solutions to public and private energy companies. The Company’s experienced team provides holistic and flexible capital solutions with substantial analytical, structuring and operations expertise.

Sitka Petroleum, LLC

Sitka Petroleum is a coalition of investors focused on investment opportunities within the energy exploration and production sector.

Sources: Company Materials.
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