Deal Insight
Statoil acquires Bakken focused Brigham for US$4.7 billion
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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
-
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
Tables and charts
This report includes 11 images and tables including:
- Transaction details: Table 1
- Upstream assets: Table 1
- Upstream assets: Table 2
- Brigham wells targeting the Bakken
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- 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
What's included
This report contains:
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