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
The tight oil is extracted in the same way as shale gas, through horizontal wells and hydraulic fracturing. 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. Click to enlarge. per share through an all-cash tender offer.
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