Norways Statoil to acquire Brigham Exploration for US$4.4B cash; entry into the US Bakken and Three Forks tight oil plays
Green Car Congress
OCTOBER 17, 2011
Brigham, based in Austin, Texas, has a strong position in the Bakken and Three Forks tight oil plays in the Williston Basin in North Dakota and Montana. This method is commonly referred to as “perf and plug.” The total equity value is approximately US$4.4 billion, reflecting an enterprise value of approximately US$4.7
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