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DW Partners buys Forestar’s Bakken assets for $60 million
Austin real estate developer Forestar Group is selling its oil and gas assets targeting the Bakken and Three Forks in North Dakota for $59.5 million. Buyer DW Slate, an affiliate of New York alternative asset manager DW Partners, is getting 9,000 net acres (56% HBP) and an average 8% WI in ~140 producing wells primarily located on the Fort Berthold Indian Reservation near Parshall field. DW Partners was spun off from European hedge fund......
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