Mountainview Energy Ltd. announced it intends to acquire a 20% interest in approximately 67,000 gross acres (about 13,400 net acres) in the Bakken/Three Forks Shale in a stock deal valued at about C$21.5 million. The parcels are located in the Medicine Lake Prospect, which is in Divide County, ND, and Richland, Roosevelt and Sheridan counties, MT. The acquisition will increase Mountainview's position in the Williston Basin to approximately 25,400 net acres.
CCS Corp. said it is has acquired the KT Hot Oil Co. as part of its plans to expand in the Bakken Shale. The terms of the deal were not disclosed. KT, headquartered in Watford City, ND, is involved with frack water heating, hot oiler services, fluid hauling and salt water disposal wells. The acquisition of KT comes one week after the CCS purchase of Venture Oilfield Service Inc.