Minnesota company expands oil well ownership in North Dakota

Nd Oil

MINNEAPOLIS – A Minnesota firm says it can develop its possession in a fleet of oil wells in North Dakota.

Minnetonka-based Northern Oil and Fuel can pay Texas-based Comstock Assets $154 million on the brand new properties, that are anticipated to supply 4,500 barrels of oil per day.

Comstock Assets is managed by Jerry Jones, who owns the Dallas Cowboys soccer group. Northern Oil, which invests in leases and drilling initiatives, has historically operated in North Dakota.

Nevertheless, it not too long ago introduced different offers within the Permian Basin in New Mexico and Texas for shale oil, and within the Marcellus pure fuel formation in Appalachia.

https://www.kvrr.com/2021/10/08/minnesota-company-expands-oil-well-ownership-in-north-dakota/ | Minnesota firm expands oil nicely possession in North Dakota

Huynh Nguyen

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