Equinor will continue to operate the assets up to four months after closing as part of a transition service agreement with Grayson Mill Energy. Nearly all field staff and many of those in the support teams working on the Bakken assets will transfer to Grayson Mill Energy upon the conclusion of their transition duties within Equinor.
Equinor Marketing and Trading will purchase crude offtake from the Bakken assets through a separate long-term purchase agreement with Grayson Mill Energy.
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27042021/equinor-completes-sale-of-bakken-assets/