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Occidental acquires Bakken acreage for US$1.4 billion

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10 December 2010

Occidental acquires Bakken acreage for US$1.4 billion

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
    • 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:

  • Document

    Occidental acquires Bakken acreage for US$1.4 billion

    PDF 1.20 MB