Monday, June 17, 2019

Equinor

Brigham (BEXP) --> Statoil (STO) --> Equinor (EQNR)
  • June 17, 2019: Equinor US inventory
    • Marcellus: 247,000 net acres
    • Eagle Ford: 69,000 net acres
    • Bakken: 235,000 net acres 
  • March, 2018: will change name from Statoil to Equinor
  • November, 2012: NOG says 375,800 acres
  • December 9, 2011: noted that ticker symbol BEXP no longer existed 
  • December 8, 2011: Statoil's offer to buy tendered BEXP shares has closed this date
  • October 17, 2011: sale to Statoil announced; effective, 2012
  • August 9, 2011, corporate presentation: 375,800 net acres;
  • June 7, 2011, corporate presentation: 378,100 net acres; 6,900 additional acres
  • 1Q11 conference call: 371,200 net acres; 6,900 additional acres since last update 
  • Last update: net present value (NPV)/well ~ $9.5 million 
  • 2Q12: rigs, 10 ---> 16 since acquiring BEXP
  • Accelerating to 12 rigs by March, 2012; two dedicated frac teams now
  • (Eastern Montana: Rough Rider and Sedlacek)
  • Rough Rider, 155,100 net acres: Williston area, both north and south of the river; Williams and McKenzie
  • Sedlacek, 9,900 net acres: eastern Montana
  • Parshall/Ross: Mountrail County; most prolific area to date in ND Bakken; 35,900 net acres in the Bakken; 35,000 net acres in the Three Forks (same surface, no doubt)
  • Parshall/Austin/Sanish: 5,300 net acres in the Bakken; 2,700 net acres in TF (same surface, no doubt)
  • Mercer (North Dakota): 30,000 net acres Bakken; 30,000 net acres TF (same surface, no doubt)
  • Other extensional areas: 24,700 net acres

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