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Latest Acquisition: Brigham Exploration

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October 21, 2011 – Comments (0) | RELATED TICKERS: STO , BEXP.DL

Acquisitions are always big news in the market place. There was a recent major acquisition by Statoil, who acquired Brigham Exploration. Brigham Exploration is a major shale player, so this could lead to interesting shale plays in the future. Christopher Helman shows some number break downs in explanation of what this acquisition really means for Statoil. 

"Norway’s national oil giant Statoil announced today its acquisition of Brigham Exploration for $4.4 billion. The primary target of Statoil’s interest is Brigham’s strong position in the Bakken Shale oil playof North Dakota and Montana. Brigham boasts 375,000 acres in the Williston basin, which includes the Bakken."

 

Find additional research here: 

http://turnkeyoil.com/2011/10/20/latest-acquisition-brigham-exploration/

 

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