One-Page Deal Sheet
Equinor Sells Bakken Assets to PE-Backed Firm for $900MM
Grayson Mill Energy Equinor
Announced Date
February 10,2021
Effective Date
January 01,2021
Close Date
April 27,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
900
Asset/Basin:
["Williston Basin", "Bakken Shale"]
TargetZones:
[]
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Equinor has agreed to sell its entire Bakken asset portfolio (op and non-op) located in North Dakota / Montana to PE-backed Grayson Mill Energy for a total consideration of ~$900 million.
Grayson is backed by EnCap Investments.
This deal closed on April 27, 2021.
Asset Details: Acreage: 242,000 net acres, and associated midstream assets Production: 48,000 BOEPD (as of 4Q20)In parallel with this transaction, Equinor Marketing and Trading will enter into a term purchase agreement for crude offtake with Grayson Mill Energy.
Anders Opedal, president and chief executive officer of…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-13-2025 |
-  |
- |
Click here | Montana | E&P |
| Jan-31-2024 |
- |
- |
Click here | North Dakota | E&P |
| Aug-24-2023 |
- |
- |
Click here | North Dakota | E&P |
| Sep-06-2022 |
- |
- |
Click here | E&P | |
| Jul-11-2022 |
- |
- |
Click here | Texas | E&P |
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