Bowline Energy completed the acquisition of Williston Basin assets of Nine Point Energy for $250m.

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.