Magnum Hunter, which already has a 47.5% interest in the properties concerned, will also take over operatorship and assume up to 100% stake in the properties, the company said in a statement.
The additional assets represent about 310,000 barrels of oil equivalent of "proved developed producing reserves" and production of 192 net boepd.
The transaction, with closing targeted on 20 December, will give the company about 180,000 net acres in the Williston Basin, it said.
"The
