Thursday, April 29, 2021

Re-Posting: Elvis Has Left The Building -- April 29, 2021

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?
Posted by at

1 comment:

  1. AnonymousApril 29, 2021 at 12:36 PM

    What missing: um...the production they got out.

    That 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.

    ReplyDelete

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