Seeking Alpha

Statoil (STO) strengthens its U.S. onshore portfolio with the purchase of 70K acres of Marcellus...

Statoil (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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