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9 Pages

ExxonMobil acquires Canadian junior Celtic Exploration for Cdn$3.1 billion

ExxonMobil acquires Canadian junior Celtic Exploration for Cdn$3.1 billion

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 includes 1 file(s)

  • ExxonMobil acquires Canadian junior Celtic Exploration for Cdn$3.1 billion PDF - 969.25 KB 9 Pages, 7 Tables, 2 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Liquids-rich Montney awaits full scale development
    • Large Duvernay position provides significant upside
  • Deal analysis
    • Acreage comparables favourable
  • Upsides and risks
    • Upside
    • Risks
  • Strategic rationale
    • ExxonMobil
    • Celtic Exploration
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Top Montney acreage holders
    • Map of Celtic operated wells
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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