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