Creating a Scaled Unconventional U.S. Oil Producer with a Premier Williston Basin Acreage Position Totaling 972K Net Acres and Combined 4Q21 Production of 167.8 Thousand Boepd
Transaction Accretive to Key Per-share Metrics While Maintaining a Strong, Relatively Unlevered Pro Forma Balance Sheet at Close
Combined Company to Benefit from Significantly Enhanced Operating Scale and Free Cash Flow; Expect to Deliver Sustainable Dividends and Attractive Returns to Shareholders
Transaction Expected to Generate Administrative and Operational Cost Synergies of Approximately $65MM Annually
Progressive ESG Profile with Top Tier Gas Capture Track Record in North Dakota
Lynn Peterson to Serve as Executive Chair of the Board; Danny Brown to Serve as President and CEO
Companies to Host Conference Call Today at 8:30 a.m. ET (7:30 a.m. CT)
