Earthstone Energy has entered into a definitive agreement to sell its Bakken assets for approx. $27 million in cash to an unaffiliated party. The transaction is subject to customary closing conditions and adjustments. The effective date will be December 1, 2017 and is expected to close by year-end 2017. Robert J. Anderson, Executive Vice President, Corporate Development and Engineering of Earthstone commented: 'The sale of our Bakken assets, which are non-operated, represents a further step in Earthstoneâs continued shift in emphasis to being primarily a Midland Basin focused operator. Over the past 18 months we have established a position in the Midland Basin that stands at approx.27,000 net acres and approx. 7,000 Boepd. The divestiture of our Bakken assets allows us to continue focusing our human and capital resources on our highly economic assets in the Midland Basin.' Original article link Source: Earthstone Energy 
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