Foothills Exploration expects to close on Montana acquisition in 3Q19
The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.
The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.
The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, Oklahoma, US, will have net production of approximately 20 000 boe/d.
The combined gross resources of Jorvik and Tellus East are estimated to be between 4 and 37 million boe.