After QEP Williston asset buy, Vantage Energy will be $1.5 billion Bakken operator
QEP Resources (ticker: QEP) continued its shift toward a pure-play Permian company today, selling its Williston Basin assets.

Vantage Energy Acquisition Corp. (ticker: VEAC), a SPAC backed by NGP and led by former Encana President and Vantage Energy LLC Chairman and CEO Roger Biemans, is the buyer. Vantage will acquire all of QEP’s Williston Basin assets, including acreage and mineral interests.

In total Vantage has purchased 102,800 net acres, which are producing 46 MBOEPD. Including refracturing opportunities, Vantage has identified 419 gross locations on this acreage. Current plans call for two operated rigs in 2019. Based on consensus pricing of $6...

Legal Notice