Deal insight

ExxonMobil acquires Canadian junior Celtic Exploration for Cdn$3.1 billion

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Report summary

In a return to Canadian M&A after a lengthy absence ExxonMobil has agreed to acquire junior Celtic Exploration for Cdn$3.1 billion (US$3.1 billion). This marks ExxonMobil's third North American shale acquisition this year following deals with Denbury Resources for Bakken acreage and Chesapeake Energy for lands in the Ardmore Woodford shale. Celtic is currently producing just 72 mmcfd of natural gas and 4 000 b/d of liquids but the company holds sizeable positions in two of ...

What's included

This report contains

  • Document

    ExxonMobil acquires Canadian junior Celtic Exploration for Cdn$3.1 billion

    PDF 969.25 KB

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:

Images

  • Top Montney acreage holders
  • Map of Celtic operated wells

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1
  • Deal analysis: Table 3

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