Deal insight

Whiting acquires Kodiak in an all-share deal worth US$6 billion

This report is currently unavailable

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

Report summary

Whiting Petroleum is to acquire pure-play Bakken operator Kodiak Oil and Gas in an all-equity transaction valued at US$6 billion (including US$2.2 billion net debt). This is the largest transaction in this core US unconventional oil play to date, and the largest North American deal 2014 ytd. The combination will create the largest producer in the Bakken.

What's included

This report contains

  • Document

    Whiting acquires Kodiak in an all-share deal worth US$6 billion

    PDF 707.85 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
    • Modelling assumptions
    • Precedent transactions
    • Operational efficiency
    • Downspacing
    • Oil and gas marketing
    • Whiting Petroleum
    • Kodiak Oil & Gas
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 11 images and tables including:

Images

  • Executive summary: Image 1
  • IP rates by company in Williams Core Bakken and Three Forks sub-plays
  • Gearing in pro forma Whiting shifts below key Bakken peers
  • CAGR of new entity moves in-line with peer group
  • Whiting and Kodiak Williston Basin assets

Tables

  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898