Deal Insight
Occidental acquires Bakken acreage for US$1.4 billion
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Report summary
Occidental has announced the acquisition of 180,000 net acres in the Bakken Shale from a private seller for approximately US$1.4 billion. At US$7,780 per acre, this is marginally lower than the average price paid in recent comparable transactions. The portfolio includes 44 operated wells and 17 non-operated wells producing approximately 5,500 boe/d from the Bakken and Madison formations.This is Oxy's first major acquisition in the Bakken Shale, but does not mark the company's ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Bakken Shale
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 4 images and tables including:
- US Bakken Shale play - Russian Creek field
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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