Thursday, October 11, 2012

Statoil To Divest About 230 Wells in Anadarko Basin, Oklahoma

Link to Wall Street Cheat Sheet:
Norway’s Statoil is said to be ready to divest some 230 onshore wells in the United States as it attempts to rid itself of gas producers after the sharp fall of North American natural gas prices. This number reportedly includes 180 onshore natural gas wells that the firm gained through its $4.4 billion purchase of Brigham Exploration (BEXP).
Rigzone provides more information:
Statoil will divest about 230 wells in the Anadarko basin in Oklahoma and along the Gulf Coast in Louisiana and Texas, said Ola Morten Aanestad, Statoil's vice president of communications. About 80% of the wells produce natural gas, Mr. Aanestad said.

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