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MBI Oil and Gas

Company Summary

Description

The company was formed in 2008 with three employees, today we have expanded our base with more local, technical personnel and in 2011 opened a regional office in Denver, Colorado. As operators of 13 wells in the Williston Basin producing from multiple intervals, including the Bakken 20,460 Net Acres in the Williston Basin, with interest in 745 wells. Additional company assets include 96,952 undeveloped Net Acres in North America (ND, MT, WY, OK,TX, PA).

Website

https://www.mbioilandgas.com/#about

Recent news

  • 3/21/2019 - Gravity Oilfield... (subscriber access)

Company Transactions

Date: 3/21/2019
Type: Acquisition

BUYERS:
  • Gravity Oilfield Services Inc
  • Clearlake Capital Group, L.P.
    • SELLERS:
  • MBI Oil and Gas
    • DETAILS:
    NOTES:
    Gravity Oilfield Services, backed by Clearlake Capital Group, acquired certain water disposal infrastructure from MBI Oil & Gas to further enhance their water management solutions in the Bakken.
    REGIONS:
  • Bakken