Williams Cos. to purchase Bakken Shale properties for $925M

11/15/2010 | Wall Street Journal, The

Williams Cos. will spend $925 million to purchase about 86,000 oil-producing acres in North Dakota's Bakken Shale. The assets contain about 185 million barrels of oil equivalent, said the company, which plans to add three drilling rigs there by 2012. Williams' decision should be "very good news for other Bakken producers," said analysts at Simmons & Co. International.

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