Texas-based Peregrine Petroleum Continues North Dakota Oil and Gas Ventures following Lease Acquisitions in Bakken, Three Forks Shale

DALLAS and HOUSTON, Aug. 19, 2013 /PRNewswire/ -- Texas-based Peregrine Petroleum is continuing the company's oil and gas exploration and development activities in the Bakken and Three Forks Shale in North Dakota's Williston Basin region following last year's acquisition of 3,210 acres of producing leases from Colorado-based Ranch Oil Company.

Peregrine recently filed drilling spacing unit applications in the Pierre Creek field located in the Bakken Shale. These applications are part of Peregrine's producing leases in McKenzie County, N.D.

Peregrine, founded by a group of energy industry veterans from Hunt Petroleum Corp., also has a non-operated position with Colorado-based Kodiak Oil and Gas Corp. in the Fort Berthold Indian Reservation in Dunn County, N.D. Kodiak and Peregrine completed their first horizontal well in the Bakken Shale in early 2009, and continue to drill and complete successful wells in Dunn County.

"Our work with Kodiak has been extremely successful since we began working together only a few years ago," says Michael B. Wisenbaker Jr., president of Peregrine. "Kodiak has done a tremendous job as operator, and we look forward to continued success in the Bakken and Three Forks."

About Peregrine Petroleum

Founded in 2008, Peregrine Petroleum is one of the nation's leading private oil and gas exploration and development companies. With offices in Dallas and Houston, Peregrine maintains active operations in some of the nation's top oil and gas trends, including the Permian Basin in West Texas and the Bakken and Three Forks Shale in North Dakota's Williston Basin. Peregrine's continuing growth initiatives are focused on internal and external oil and gas exploration and development, joint ventures and acquisitions in the Permian Basin, Williston Basin, East Texas, Gulf Coast and Middle America regions. Learn more about the company at http://www.peregrinepetroleum.com.

For more information, please contact Barry Pound at 800-559-4534 or barry@androvett.com.

SOURCE Peregrine Petroleum LLC



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