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CP Exploration Announces Sale of Williston Basin Assets for $20.5 Million - Wednesday, November 20, 2013
CP Exploration announced today that it has signed a definitive purchase and sale agreement ("PSA") with a public company to sell certain producing oil and gas wells and development acreage in the Williston Basin for $20.5 million, subject to certain purchase price adjustments as defined in the PSA.
 
Closing is scheduled for December 13, 2013.  Properties include producing assets in Dunn County, North Dakota and non-producing acreage in Golden Valley, North Dakota.  Following the closing of this divestiture, CP Exploration has realized $161,000,000 from North Dakota asset sales.

 

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