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
  • Deal analysis
  • Strategic rationale
  • 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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