Deal Insight
SM Energy sells 55,000 net acres in the Bakken to Oasis Petroleum for US$785 million
Report summary
SM Energy announced two transactions on 18 October 2016, acquiring acreage in the Midland basin from QStar for US$1.6 billion, while divesting its non-core Williston basin assets to Oasis Petroleum for US$785 million. In the Bakken, pure-player Oasis Petroleum adds to its Williston Basin position by acquiring 55,000 net acres. This acreage includes 12,400 boe/d of flowing production from 226 gross operated wells. We estimate the newly acquired position will add 126 gross (82 net) locations across two target benches: the Bakken and Three Forks. For more information on SM Energy's concurrent Midland basin acquisition, please see SM Energy adds to record year for Permian M&A with US$1.6 billion Midland Basin acquisition.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Oasis Petroleum and SM Energy Williston wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Chevron Alberta
In Alberta, Chevron holds 235,000 net acres in the liquid-rich Duvernay shale gas play, together with 200,000 acres in the overlying ...
$3,100
Insight
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350
Asset Report
Shell Alberta
This analysis examines Shell's assets in Alberta. The company owns acreage…
$3,100
