Liberty Resources II Grabs $455M In Williston Basin Assets

Law360, New York (January 30, 2014, 12:13 PM EST) -- Denver-based oil and gas company Liberty Resources II LLC announced Thursday that it will acquire $455 million worth of oil and gas assets in North Dakota's Williston Basin, marking Liberty II's first buy since snagging $350 million in private equity backing in November.

The properties that Liberty II will acquire comprise approximately 53,000 acres in Williams, Divide, Burke and McKenzie counties and over 4,000 barrels of oil equivalent per day of production from the Bakken and Three Forks formations, which Liberty II says it will continue...
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