Statoil Expanding Its Eagle Ford Position?

Statoil’s Eagle Ford position isn’t going to get any smaller. Actually, count them in the pool of buyers when it comes to acreage. The company has only been a JV partner to date, but expect that to change with the corporate acquisition of Brigham Exploration. You can bet Statoil’s cashflow will be used to expand the company’s operated footprint in plays like the Bakken, Eagle Ford, and Marcellus.

“We are still looking in the Eagle Ford,” said Helge Haldorsen, head of North American Strategy for Statoil. “We want to cash in on the learning curve.”

Read more at reuters.com

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.

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