Black Hills Corp. BKH today announced that its oil and gas subsidiary,
Black Hills Exploration & Production, Inc., signed a definitive agreement to
sell approximately 85 percent of its Bakken and Three Forks shale assets in
the Williston Basin for approximately $243 million, subject to customary
pre-closing and post-closing adjustments. The sale has an effective date of
July 1, 2012, with an estimated closing date on or before Sept. 30, 2012.
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