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Statoil (STO) strengthens its U.S. onshore portfolio with the purchase of 70K acres of Marcellus...
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Wednesday, December 19, 2012, 8:36 AM ETStatoil (STO) strengthens its U.S. onshore portfolio with the purchase of 70K acres of Marcellus shale gas acreage from three unlisted U.S. energy companies for $590M. STO will become operator of the acreage, whose share of resources it estimates at 300M-500M boe.
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