Enerplus Corporation Acquires Bruin E&P HoldCo, LLC for $465M

January 25, 2021

Enerplus Corporation agreed to acquire all of the outstanding shares of Bruin E&P HoldCo, LLC for US$465 million to expand its Williston Basin position. The acquisition adds ~24,000 BOE/d of production and 151,000 net acres (including 30,000 contiguous acres), and is expected to be immediately accretive to adjusted funds flow and free cash flow while improving Enerplus' drilling inventory and scale in the Bakken/Williston Basin.

Buyers
Enerplus Corporation
Targets
Bruin E&P HoldCo, LLC
Industry
Energy
Location
Texas, United States
Transaction Type
Buyout

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