• Australia-listed Ardent Resources Ltd. is branching out into the US upstream with the acquisition of fellow Aussie firm Shale Energy, a non-op Bakken/Three Forks partner of EOG Resources, SM Energy and Sinclair Oil & Gas in North Dakota. The all-stock deal is valued at $3.1 million but could increase if certain production targets are reached. Shale Energy holds 1.5-3.0% WI in one Divide Co., North Dakota and two McKenzie Co. properties totaling 3,740......
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