Statoil to operate eastern half of Texas shale assets

Statoil will operate the eastern portion of its producing activities in the Eagle Ford Shale formation in Texas. Statoil initially provided capital investment, while partner Talisman Energy was the operator. "This is an important milestone for Statoil's development as an operator in the U.S.," said Torstein Hole, Statoil's senior vice president for U.S. Onshore.

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