Magnum Hunter Resources
Corporation MHR announced today that its
wholly-owned subsidiary, Bakken Hunter, LLC, has entered into a
definitive purchase agreement to acquire existing wells and
approximately 20,000 net Williston Basin lease acres located in
Divide County, North Dakota, from Samson Resources Company for $30
million in cash. The transaction, which is subject to customary
closing conditions, is expected to close on or about December 20,
2012, with an effective date of August 1, 2012. The purchase price is
subject to customary adjustments, to take into account the effective
date of the transaction.
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