Announced
Completed
Financials
Tags
Single Bidder
Integrated Oil and Gas
Private
United States
Majority
oil and gas assets
Completed
Friendly
Domestic
Acquisition
Synopsis
Bowline Energy, an oil and gas company, completed the acquisition of Williston Basin assets of Nine Point Energy, an oil and gas company, for $250m. The purchase of the Nine Point assets gives Bowline a strong production base and steady cash flows. Coupling these attributes with Bowline's sound balance sheet, the company expects to commence a development program, funded out of cash flows, and begin evaluating strategic M&A opportunities in the near future.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.