Current STO Stock Info

Norway’s Statoil (ticker: STO) reported its second quarter results today, and executives said on the conference call that the company has no new drilling plans for its Bakken, Eagle Ford or Marcellus properties, citing volatile oil prices and weak NGL pricing in North America.
Statoil Onshore U.S. Operations
In 2008, Statoil acquired a 32.5% interest in the Marcellus shale gas acreage of Chesapeake Energy Corporation (ticker: CHK). The holding covers 1.8 million acres in the Appalachian region of the north-eastern US, according to STO. Statoi...


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