Canadian firm Enerplus has agreed to acquire Hess' assets in the Williston Basin, US, for $312m in cash. 

Under the definitive agreement, Hess will sell its non-strategic interests in the Little Knife and Murphy Creek acreage in the Bakken Formation in North Dakota.

The acreage considered for the sale spans nearly 78,700 net acres in Dunn County, and are located adjacent to Enerplus' core Bakken position.

Hess CEO John Hess said: "The Bakken is a core asset in our company's portfolio.

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