EnCap-backed Grayson Mill Energy to acquire US onshore assets from Equinor for $900m.

EnCap-backed Grayson Mill Energy, an exploration and production company, agreed to acquire US onshore assets from Equinor, an energy company, for $900m. “Equinor is optimising its oil and gas portfolio to strengthen profitability and make it more robust for the future. By divesting our Bakken position we are realising proceeds that can be deployed towards more competitive assets in our portfolio, enabling us to deliver increased value creation for our shareholders. Over the past few years, we have improved the safety, cost efficiency and CO2 intensity of the Bakken assets significantly and I am confident Grayson Mill Energy will continue on this path,” Anders Opedal, Equinor President and CEO.