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Peregrine Petroleum continues North Dakota oil and gas ventures following lease acquisitions in Bakken, Three Forks Shale

DALLAS and HOUSTON – Texas-based Peregrine Petroleum is continuing the company’s oil and gas exploration and development activities in the Bakken and Three Forks Shale in North Dakota’s Williston Basin region following last year’s acquisition of 3,210 acres of producing leases from Colorado-based Ranch Oil Company.

 

Peregrine recently filed drilling spacing unit applications in the Pierre Creek field located in the Bakken Shale. These applications are part of Peregrine’s producing leases in McKenzie County, N.D.

Peregrine, founded by a group of energy industry veterans from Hunt Petroleum Corp., also has a non-operated position with Colorado-based Kodiak Oil and Gas Corp. in the Fort Berthold Indian Reservation in Dunn County, N.D. Kodiak and Peregrine completed their first horizontal well in the Bakken Shale in early 2009, and continue to drill and complete successful wells in Dunn County.

“Our work with Kodiak has been extremely successful since we began working together only a few years ago,” says Michael B. Wisenbaker Jr., president of Peregrine. “Kodiak has done a tremendous job as operator, and we look forward to continued success in the Bakken and Three Forks.”

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