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Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million.
Equinor has also announced its withdrawal from the Bakken shale, after sustaining billions of dollars of losses from its US investments over the years.
Norwegian giant sells out of the Bakken to EnCap-backed Grayson Mill Energy
Equinor has agreed to divest its interests in the Bakken shale basin to Grayson Mill Energy, backed by EnCap Investments, for about $900 million.
Equinor (NYSE: EQNR) has announced plan to divest its interests in the Bakken field within the United States of North Dakota and Montana to Grayson Mill Energy. Equinor (NYSE: EQNR) has announced plan to divest its interests in the Bakken field within the United States of North Dakota and Montana to Grayson Mill Energy. For a total consideration of about USD 900 Million. This transaction covers all of Equinor’s acreage, non-operated and operated which totals 242,000 net acres including the associated assets...