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ExxonMobil acquires Bakken acreage from Denbury Resources: a swap deal that sees Denbury gain Gulf Coast assets plus US$1.6 bn cash (Swap Deal 12512)

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Report summary

ExxonMobil has agreed to acquire 196,000 net acres across North Dakota and Montana, prospective for the Bakken. In return, Denbury will receive US$1.6 billion of cash, plus ExxonMobil's interest in two fields: Webster in Texas and Hartzog Draw in Wyoming. These fields will become part of Denbury's growing CO2-flooding operations in the Rocky Mountains and Gulf Coast regions.Under our base case modelling assumptions, we value the Bakken assets at US$1.8 billion (NPV10, discounted to ...

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    ExxonMobil acquires Bakken acreage from Denbury Resources: a swap deal that sees Denbury gain Gulf Coast assets plus US$1.6 bn cash (Swap Deal 12512)

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