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. The oil produced from the Bakken and Three Forks formations is a light crude quality. The total equity value is approximately US$4.4 Tudor, Pickering, Holt & Co.
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