Deal Insight
ExxonMobil acquires Canadian junior Celtic Exploration for Cdn$3.1 billion
This report is currently unavailable
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 ...
Table of contents
- 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
Tables and charts
This report includes 9 images and tables including:
- 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
- Top Montney acreage holders
- Map of Celtic operated wells
- Upstream assets: Table 1
- Deal analysis: Table 3
What's included
This report contains:
Other reports you may be interested in
Asset Report
Sunrise
The Sunrise project (formerly part of the Kearl project) is located in the Athabasca oil sands region of Canada, 60 kilometres ...
$3,100
Asset Report
Campbell (Closed) gold mine
A detailed analysis of the Campbell (Closed) gold mine.
$2,250
Asset Report
Crescent Point Saskatchewan
In September 2003, the amalgamation of two junior oil and gas companies, Crescent Energy and Tappit Resources led to the creation of ...
$3,100
