Canadian producer Enerplus Corp. has gained more exposure in North Dakota’s Bakken Shale with a $465 million takeover of Houston-based Bruin E&P HoldCo LLC.

M&A

The deal announced Monday for the North Dakota assets of the Bakken pure-play is forecast to propel a 20% production jump for Calgary-based Enerplus to a combined 103,500-108,500 boe/d. 

The acquired assets, near existing Enerplus properties, also include 149 drilling targets.

“With immediately adjacent acreage offering strong operational synergies, Bruin’s assets are highly complementary to our existing tier one position in the Bakken,” said Enerplus President Ian Dundas.

Enerplus is adding 151,000 net acres in the Williston Basin, including 30,000 net acres contiguous to its acreage position. A big chunk of the...