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Statoil acquires Bakken focused Brigham for US$4.7 billion


Statoil acquires Bakken focused Brigham for US$4.7 billion

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 ...

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  • Statoil acquires Bakken focused Brigham for US$4.7 billion PDF - 1.26 MB 8 Pages, 6 Tables, 5 Figures

Description

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
    • Wood Mackenzie modelling assumptions
    • Volumes
    • Costs
    • Transport
    • Bakken corporate landscape
  • Strategic rationale
    • Further acquisitions in unconventionals are probable
    • Disposals elsewhere in the portfolio are possible
  • Oil & gas pricing and assumptions

In this report there are 11 tables or charts, including:

  • Executive summary
  • Transaction details
    • Transaction details: Table 1
  • Upstream assets
    • Upstream assets: Table 1
    • Upstream assets: Table 2
    • Brigham wells targeting the Bakken
  • Deal analysis
    • Deal analysis: Table 1
    • Wood Mackenzie forecasts for Statoil Bakken production and capex; and company level capex
    • Wood Mackenzie valuation sensitivities
    • Bakken acreage costs (unadjusted)
    • Top acreage holders in the Bakken
  • 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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