Oklahoma-based GMX Resources has released an update on its recent acquisitions in the Williston Basin. According to the release, GMX has purchased acreage in the following areas...
-- Southeast McKenzie County (approximately 5,959 acres)
-- Stark County / Dunn County (approximately 8,653 acres)
-- Williams County / Sheridan County, Montana (approximately 2,909 acres)
-- Eastern Dunn County (approximately 702 acres)
-- Southern Billings County, North Dakota (approximately 1,503 acres)
-- Richland / Wibaux Counties Montana (approximately 6,360 acres)
The company stated it is budgeting capital expenditures in the Williston Basin of $31.5 million in 2011 to establish a presence and begin its drilling program of which it expects to pay $16.6 million in 2011 and $14.9 million in 2012. Read more...
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