NRP acquires shale assets from Abraxas for $35.3M

06/17/2013 | Rigzone

Natural Resources Partners will spend $35.3 million to acquire non-operated interests in the Bakken/Three Forks formation from Abraxas Petroleum. The transaction covers 120 producing wells and interest in 22 wells under development. "This acquisition marks NRP's strategic entry into the Bakken play and into owning non-operated working interests in oil and gas assets," said Nick Carter, president and chief operating of NRP.

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