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 ...

What's included

This report contains

  • Document

    Statoil acquires Bakken focused Brigham for US$4.7 billion

    PDF 1.26 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
    • Wood Mackenzie modelling assumptions
    • Volumes
    • Costs
    • Transport
    • Bakken corporate landscape
    • 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:

Images

  • Brigham wells targeting the Bakken
  • 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

Tables

  • Transaction details: Table 1
  • Upstream assets: Table 1
  • Upstream assets: Table 2
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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