Deal Insight

Kodiak's Bakken deal bucks a sluggish tight oil M&A market

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01 June 2013

Kodiak's Bakken deal bucks a sluggish tight oil M&A market

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
    • Modelling Assumptions
    • Bakken M&A slows as appetite and opportunities for consolidation diminish
      • Points to a wider slowdown in US tight oil M&A
    • Kodiak
    • Liberty Resources
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Image 1
  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Location of Liberty Resources Bakken Three Forks acreage
  • US Tight Oil M&A by year, and individual deals of over US$200 million
  • Upsides and risks: Table 1

What's included

This report contains:

  • Document

    Kodiak's Bakken deal bucks a sluggish tight oil M&A market

    PDF 1.71 MB

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