14th Jan 2016 NP Resources LLC (NPR) has acquired nearly 90,000...

14th Jan 2016

NP Resources LLC (NPR) has acquired nearly 90,000 net acres in the Williston Basin in Billings, Golden Valley and McKenzie counties, N.D.

NPR, a venture between Denver’s NPR Management Holdings LLC (NPM) and Vortus Investment Advisors of Fort Worth, Texas, did not disclose the seller or the value of transaction. However, Dec. 23 SEC filings show that a limited partnership called Vortus-NPR Co-Investment raised $33.3 million as part of a “merger, acquisition or exchange offer.” The company’s address is the same as Vortus Investment Advisors.

SSN are not the only companies interested in the Williston Basin. Looks like a real positive deal for SSN if it goes through!