Top Story | Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets
Equinor Wraps Up Sale of Bakken Assets to PE-Backed Grayson Mill
Email
Print 
Bookmark
Equinor has finalized its $900MM sale of its Bakken assets to EnCap-backed Grayson Mill Energy.
The deal was initially announced on February 10, 2021 and it marks Equinor's exit from the play.
Equinor will continue to operate the assets up to four months after closing as part of a transition service agreement with Grayson Mill Energy. Nearly all field staff and many of those in the support teams working on the Bakken assets will transfer to Grayson Mill Energy upon the conclusion of their transition duties within Equinor.
Equinor Marketing and Trading will purchase crude offtake from the Bakken assets through a separate long-term purchase agreement with Grayson Mill Energy.
Related Categories :
Deals - Deal Close
More Deals - Deal Close News
-
Vermillion Closes Saskatchewan Asset Sale
-
Ring Energy Finalizes Acquisition of Stronghold Energy II
-
Centennial, Colgate Finalize $3.9B Merger; Debut as Permian Resources Corp.
-
Diamondback Seals Rattler Midstream Deal; Takes Company Private
-
Riverbend Finalizes $1.8B Sale of Portfolio Companies
Rockies News >>>
-
Why Surface-Only Inventory Predictions Are a Fool’s Errand
-
OPEC+ Nudges Supply Higher: Why This Weekend’s Hike Echoes 2020—But Isn’t 2020
-
SM Energy Hits Record Output; Driven by Uinta
-
Large Cap E&P To Reduce Drilling & Completion Activity in 2026 -
-
Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown -
Williston Basin News >>>
-
Halliburton Warns of Deepening U.S. Frac Slowdown -
-
Oilfield Service Report : 13 New Leads/Company Formation & Contacts YTD
-
PE Firm Seeds Four New E&P Startups in Strategic Push In 2025 -
-
Schlumberger Shows Steady Resilience Amid Market Volatility -
-
Civitas Provides Update on Current Rigs & Frac Crews -
