Equinor Exits The Bakken Shale As It Books Record Loss ...Middle East

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Equinor Exits The Bakken Shale As It Books Record Loss
source : OILPRICE ( Middle East ) () 15
Equinor is selling all its assets in the Bakken shale play as part of a strategy to boost the profitability of its international upstream business, the Norwegian major said on Wednesday, while the oil major records a net loss for 2020. Equinor has agreed to sell its assets in the Bakken, including all operated and non-operated acreage and midstream infrastructure, to Grayson Mill Energy, which is backed by EnCap Investments, for only US$900 million.  It paid $4.7 billion for the assets in 2011. “Equinor is optimising its oil and gas…

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