Triangle Petroleum Corporation (TPLM) reported the acquisition of 42,000 net acres in Montana that is prospective for the Bakken formation. The acquisition will increase the company’s total position in the Williston Basin to 72,000 net acres.
Triangle Petroleum Corporation said that the new acreage is at the Station prospect in Montana and is contiguous. The company plans to operate all of its newly acquired Bakken prospects.
Due to competitive reasons, Triangle Petroleum Corporation would not disclose the price paid or the location of the new acreage.