Riverstone-backed Liberty Resources LLC agrees to sell core Bakken and Three Forks producing properties and undeveloped leasehold in the Williston Basin of North Dakota.
On June 3, it was announced that Liberty Resources LLC has entered into a definitive agreement to sell oil and gas property in the Bakken to Kodiak Oil & Gas Corp. for $660 million in cash. Liberty, a portfolio company of Willkie client Riverstone Holdings, focuses on acquiring acreage in emerging oil and gas resource plays and generating superior production results based on its completions expertise. Based in Denver, Kodiak Oil & Gas Corp. is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas primarily in the Williston Basin in the U.S. Rocky Mountains. The deal was handled by partners Bruce Herzog and Adam Turteltaub and associates Jennifer Crystal and Veronica Ng.