CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Oil, LLC and Vitesse Energy, LLC announced the acquisition of non-operated oil and gas assets in the Williston Basin from a private seller consisting of a working interest in over 250 wells and approximately 3,625 net acres primarily in Williams, McKenzie and Mountrail counties. The purchase and sale agreement was originally signed on April 18, 2014 and the acquisition closed on May 9, 2014.
Bob Gerrity, CEO, remarked, “This acquisition represents meaningful production and high quality acreage in the core area of the Bakken and Three Forks play, and we are excited about this premier addition to our portfolio. We believe this transaction allows us to participate in the development of high value assets and is consistent with our growth strategy.”
Both Vitesse entities are managed by Bob Gerrity, CEO, and Brian Cree, President and CFO, and are based in the Centennial, Colorado area. Vitesse Oil, LLC is funded by Jefferies Capital Partners, an affiliate of Leucadia National Corporation. Vitesse Energy, LLC is funded by Leucadia National Corporation.
ABOUT VITESSE OIL, LLC AND VITESSE ENERGY, LLC
Vitesse Oil, LLC and Vitesse Energy, LLC are privately held companies focused on the acquisition and development of non-operated oil and gas assets in the Bakken and Three Forks play in the Williston Basin. For more information, please visit the Company’s website at www.vitesseoil.com.