Updates
December 4, 2021: Equinor will continue to manage royalties for Grayson Mill.
Original Post
From the Williston Herald, social media link here.
More:
- first report, February 10, 2021;
- Equinor exits Bakken shale with $900 million sale to Grayson Mill Energy, WorldOil, February 10, 2021;
- google search;
- Equinor acquired BEXP for $4.7 billion in 2011
- spent a lot of money developing the Bakken
- in the end, Equinor sold for less than one billion dollars -- just before WTI breaks out;
- what am I missing here?
What missing: um...the production they got out.
ReplyDeleteThat said, still a bad move. Feel bad for them...they were trying to be all cool and American and all. Didn't work out. They do some nice work in the North Sea though.