Deal Insight
Statoil acquires Bakken focused Brigham for US$4.7 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Statoil has announced the acquisition of Brigham Exploration for US$4.7 billion. The move positions the Norwegian giant as a major operator in the Bakken Shale - one of the leading tight oil plays in North America. This is by far the largest tight oil focussed deal to date, the first significant transaction by a Major, and a clear illustration of the intense industry interest in this burgeoning sector. Brigham holds 375,000 net acres of Tier 1 acreage in North Dakota and Montana. The ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
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Deal analysis
- Wood Mackenzie modelling assumptions
- Volumes
- Costs
- Transport
- Bakken corporate landscape
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Strategic rationale
- Further acquisitions in unconventionals are probable
- Disposals elsewhere in the portfolio are possible
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Transaction details: Table 1Upstream assets: Table 1Upstream assets: Table 2
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Brigham wells targeting the BakkenDeal analysis: Table 1Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Wood Mackenzie forecasts for Statoil Bakken production and capex; and company level capexWood Mackenzie valuation sensitivitiesBakken acreage costs (unadjusted)Top acreage holders in the Bakken
What's included
This report contains:
