After a hugely disappointing year, Norway-based Equinor has sold one of its last two remaining onshore U.S. operations. Reese Energy Consulting today is following the latest news from oil and gas giant Equinor (neé Statoil), which last year halted all drilling in the Marcellus/Utica and the Bakken. The government-owned company now has announced the sale of its Bakken shale assets in a $900 million deal with Houston-based Grayson Mill Energy. Backed by EnCap, Grayson—an operator primarily in the Powder River Basin—will acquire 242,000 net acres with about 48,000 BPD in production. As part of the agreement, Equinor will transfer employment of its Bakken field personnel and a number of support teams to Grayson Mills. With drilling operations in 30 countries, Equinor last month was selected to provide N.Y., with offshore wind power in one of the largest renewable energy procurements in the U.S., totaling 3.3 gigawatts. The project will include converting the South Brooklyn Marine Terminal and the Port of Albany into large-scale offshore wind-working facilities as part of N.Y.’s ambition to become a wind industry hub.

Equinor

Equinor is committed to turning natural resources into energy for people and progress for society, in over 30 countries worldwide. Equinor is developing as a broad energy company, leveraging strong synergies between oil, gas, renewables, carbon capture and hydrogen.

www.equinor.com

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