Williams' US$925 million Bakken acquisition sets new high watermark for deals in the play
Williams has announced the acquisition of 85,800 net acres in the emerging Bakken Shale Oil play from un-named private owners for US$925 million. The acreage is located in the Fort Berthold Indian Reservation, within the core region of the Bakken Shale in the Williston Basin, North Dakota. This is the latest in a string of US shale-focused deals, but stands out as the largest to date in the Bakken Shale. Investment in oil and condensate-rich shale plays such as the Bakken and Eagle Ford ...