Statoil closes acquisition of Brigham Exploration

12/1/2011 | FuelFix.com

Norway's Statoil finalized its $4.4 billion takeover of Brigham Exploration. Brigham owns 375,000 net Williston Basin acres and has shares in 40,000 net acres in other sites. "Brigham brings a highly talented team and a first class onshore asset to our growing North American activities, and we are excited to include their competence, operational capacity and attractive position in the Williston Basin as we expand our investments in U.S. onshore plays," said Helge Lund, president and CEO of Statoil.

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