South Korea's SK Innovation to buy US shale oil firm Longfellow

South Korea's SK Innovation to buy US shale oil firm Longfellow

A pumpjack operates above an oil well at night in the Bakken Formation on the outskirts of Williston, North Dakota, U.S., on Thursday, March 8, 2018. Photographer: Daniel Acker/Bloomberg

SK Innovation, owner of South Korea’s top refiner SK Energy, said on Wednesday that it has signed a deal to buy U.S. shale oil and gas company Longfellow Nemaha LLC in a bid to expand its shale oil development businesses.

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