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Fremont Petroleum (ASX:FPL) expands U.S. footprint with 1300 natural gas wells SubscribeBe the first with the news that moves the market Fremont Petroleum (FPL) is stepping up its U.S. growth strategy with the game-changing acquisition of Magnum Hunter Production Magnum Hunter, which Fremont will wholly acquire for US$425,000 (roughly A$556,000), operates around 1300 natural gas wells in Kentucky, Virginia and Tennessee An initial work program will focus on basic pipeline repairs, while a second program will target more extensive workovers, re-stimulation and side-tracking The deal forms part of Fremont s strategy, unveiled in mid-2020, to acquire under-performing assets with immediate production upside ....
Equinor sells its US onshore assets in the Bakken Equinor (OSE: EQNR, NYSE: EQNR) 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. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets in the Bakken. Entitlement production from these assets in 4Q 2020 was 48,000 barrels of oil equivalent per day (net of royalty interests). In parallel with this transaction, Equinor Marketing and Trading will enter into a term purchase agreement for crude offtake with Grayson Mill Energy. ....
Equinor (OSE: EQNR, NYSE: EQNR) has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, ....
Updated: 10/02/2021, 2:29 pm Oil field in the Bakken area, North Dakota. (Photo: Einar Aslaksen / Equinor ASA) Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Equinor has reached a deal to sell its stakes in the Bakken field, onshore US, to Grayson Mill Energy, backed by EnCap Investments, for $900 million. The firm also reported its full-year results today, showing pre-tax losses of $4.2 billion, plummeting from profits of $9.2bn in 2019, while revenues crashed 27% to $46bn. ....
Equinor (NYSE: EQNR) has agreed to divest its interests in the Bakken field in the U.S. states of North Dakota and Montana to Grayson Mill Energy for a tot. ....