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Continental acquires 120,000 acres in the Bakken for US$650 million

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07 November 2012

Continental acquires 120,000 acres in the Bakken for US$650 million

Report summary

Continental has entered into an agreement to acquire 120,000 net acres in the Bakken for US$650 million. The properties acquired include two contiguous acreage positions in Divide and Williams counties, North Dakota, with production of 6,500 boe/d. The deal complements Continental's existing position in the Bakken, increasing its total acreage to over 1.1 million net acres.We value the acquired properties at US$713 million (NPV10, discounted to 1 December 2012). Against our base ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Continental Resources - existing Bakken assets
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Leading public Bakken operators by acreage and production
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Continental acquires 120,000 acres in the Bakken for US$650 million

    PDF 3.05 MB