Oil & Gas Acquisitions in North Dakota
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December 16, 2024
- Buyer
- Vitesse Energy, Inc.
- Target
- Lucero Energy Corp.
- Seller
- FR XIII PetroShale Holdings L.P.
- Industry
- Oil & Gas
- Location
- North Dakota, United States
- Type
- Buyout
Vitesse Energy, Inc. will acquire Lucero Energy Corp. in an all-stock transaction valued at approximately US$222 million (fully diluted equity value). The deal is expected to close in the second quarter of 2025, and would add Lucero’s operated oil and gas production assets in the Bakken to Vitesse’s portfolio.
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September 6, 2017
- Buyer
- Ranch Creek Partners, LLC, Hillstar Capital, True West Capital Partners
- Target
- OneCor Services, LLC
- Industry
- Oil & Gas
- Location
- North Dakota, United States
- Type
- Growth capital
Ranch Creek Partners, in partnership with Hillstar Capital, announced an equity investment in OneCor Services, LLC (operating as Jerry's Services) to support growth and geographic expansion. True West Capital Partners provided both debt and equity financing; OneCor will continue to be led by CEO Ricky Waitman and GM Tom Bachmeier as the company expands its environmental and acid-blending services for the Bakken oilfield.
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- Buyer
- Sunland Field Services, Inc.
- Target
- Black Horse Construction, Inc.
- Industry
- Oil & Gas
- Location
- North Dakota, United States
- Type
- Buyout
Sunland Field Services, Inc. has acquired the business of Black Horse Construction, Inc., expanding Sunland's tank battery, pump unit, roustabout and related oilfield construction services into the Bakken Shale region of North Dakota and Montana. Black Horse, headquartered in Stanley, North Dakota, employs approximately 280 people and will operate as Sunland Field Services – Bakken Operations with most key employees remaining.
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