Deal Insight
Kodiak's Bakken deal bucks a sluggish tight oil M&A market
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the first substantial Bakken-focused transaction of 2013, Kodiak is to acquire 42,000 net acres from private equity backed Liberty Resources for US$660 million.Liberty's interests are focused on southern Williams and northwest McKenzie counties, North Dakota, and currently produce 5,700 boe/d. The acquisition increases Kodiak's Bakken position to approximately 196,000 net acres and 30,000 boe/d of production, making it one of the top ten operators in the play.Deal bucks wider ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
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Deal analysis
- Modelling Assumptions
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Upsides and risks
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Bakken M&A slows as appetite and opportunities for consolidation diminish
- Points to a wider slowdown in US tight oil M&A
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Bakken M&A slows as appetite and opportunities for consolidation diminish
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Strategic rationale
- Kodiak
- Liberty Resources
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Image 1Upstream assets: Table 1Oil & gas pricing and assumptions: Table 1
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Oil & gas pricing and assumptions: Table 2Deal analysis: Table 1Deal analysis: Table 2Location of Liberty Resources Bakken Three Forks acreageUS Tight Oil M&A by year, and individual deals of over US$200 millionUpsides and risks: Table 1
What's included
This report contains:
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