Kodiak Oil & Gas Completes Williston Basin Acquisition - Quick Facts

(RTTNews) - Kodiak Oil & Gas Corp. (KOG) announced the closing of the previously announced acquisition of core Bakken and Three Forks producing properties and undeveloped leasehold in the Williston Basin from Liberty Resources, a Denver-based private oil and gas company.

The company said the purchase price for the asset package was $660 million. Post-closing adjustments were $52 million, including $31 million in working capital items and $21 million of cash flow adjustments to reflect the acquisition's March 1, 2013 effective date.

The company paid an additional $20 million for acquisition costs associated with increased working interests acquired by Liberty subsequent to the effective date.