Whiting Petroleum (WLL) Sells Interest in North Dakota Oil & Gas Assets to Tesoro Logistics L.P (TLLP) for $375M
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Whiting Petroleum Corporation Enters into Sales Agreements for North Dakota Midstream Assets
November 21, 2016 4:15 PM ESTDENVER--(BUSINESS WIRE)-- Whiting Petroleum Corporation (NYSE: WLL) today announced that it has entered into purchase and sale agreements to sell its 50 percent interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system located in Mountrail County, North Dakota and its 50 percent interest in its Belfield natural gas processing plant and associated natural gas, crude oil and water gathering systems located in Stark, Billings and Dunn Counties, North Dakota. From April through September 2016, these plants had average daily throughput of 132 MMcf per day.
An affiliate of Tesoro Logistics Rockies, LLC, has agreed... More