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6 Pages

SM Energy sells 55,000 net acres in the Bakken to Oasis Petroleum for US$785 million

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.

What's included?

This report includes 1 file(s)

  • SM Energy sells 55,000 net acres in the Bakken to Oasis Petroleum for US$785 million PDF - 630.22 KB 6 Pages, 7 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Oasis Petroleum and SM Energy Williston wells
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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