Oil and gas drilling giant Equinor (formerly called Statoil) is owned by the Norwegian government. Equinor/Statoil has drilled in the Marcellus/Utica for years. It looks like that may be coming to an end–at least the active drilling part. Equinor officials say they are evaluating their U.S. shale holdings, including their active drilling on 27,000 acres in the Utica Shale, with an eye toward selling.
Oil and gas drilling giant Equinor (formerly called Statoil) is owned by the Norwegian government. Equinor/Statoil has drilled in the Marcellus/Utica for years. It looks like that may be coming to an end–at least the active drilling part. Equinor officials say they are evaluating their U.S. shale holdings, including their active drilling on 27,000 acres in the Utica Shale, with an eye toward selling.