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EQNR Closes $900MM Bakken Sale

Equinor (NYSE: EQNR) has announced that it has completed the sale of its U.S. onshore assets in the Bakken to Grayson Mill Energy. Equinor (NYSE: EQNR) has announced that it has completed the sale of its U.S. onshore assets in the Bakken to Grayson Mill Energy. Following completion of the deal, which was first announced in February, Equinor has divested all its operated and non-operated acreage in the Bakken field in the U.S. states of North Dakota and Montana to the company, along with associated midstream assets, for a total consideration of around $900 million. Equinor said it will continue to operate the assets for up to four months after closing the deal as part of a transition service agreement with Grayson Mill Energy. Nearly all field staff and many of those in the support teams working on the Bakken assets will transfer to Grayson Mill Energy upon the conclusion of their transition duties within Equinor, the company noted.

- Equinor completes sale of its US

Equinor completes sale of its US onshore assets in the Bakken édité le 27/04/2021 - Plus de news de Equinor - Voir la fiche entreprise de Equinor Equinor and Grayson Mill Energy have completed their transaction that was previously announced in February 2021. As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, along with associated midstream assets, for a total consideration of around USD 900 million. Equinor will continue to operate the assets up to four months after closing as part of a transition service agreement with Grayson Mill Energy. Nearly all field staff and many of those in the support teams working on the Bakken assets will transfer to Grayson Mill Energy upon the conclusion of their transition duties within Equinor.

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