BAKKEN ENERGY REACHES AGREEMENT TO PURCHASE DAKOTA GASIFICATION COMPANY ASSETS

Bismarck, ND and Westlake Village, CA –Clean energy infrastructure developer Bakken Energy (Bakken) today announced that it has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant (Synfuels Plant). The closing is subject to the satisfaction of specified conditions and expected to be completed by April 1, 2023.