Disclaimer: this is not an investment site. This is here for archival purposes only.
Abraxas - NRP, June 17, 2013; 13,500 net acres for $35 million cash
WLL up for sale?, September 14, 2012
Chevron cash fuels talk of deal, WSJ, August 28, 2012
XOM - DNR, September 20, 2012
- Encore --> DNR --> XOM
- Announced August 24, 2012
- $1.38 billion
- 27,600 acres; little else
- $20,000 - $40,000/acre
- announced April 25, 2012
- $1 billion
- 46,000 acres (based on my data which may be incorrect)
- $1 billion/46,000 --> $22,000/acre but there were producing assets, other assets; thus lowering this number
- HK paid $20 cash + 1.932 of its shares for each GEOI share; valued the company at $38/share; a 23% premium on day of announcement
- after announcement, GEOI rose > 18% to an all-time high of $36.41
- GEOI has been publicly trading since the late 1970s
- announced July 11, 2012
- VOG acquires Emerald Oil; will operate as Emerald Oil
- all assets
- all assets
- American Oil and Gas: 85,000 acres to the deal
- Tracker: 167,000 acres to the deal
- Eternal Energy merges with American Eagle, together a $37 million company
Denbury-Encore
Magnum Hunter - Baytex
- Baytex sells 50,400 net Bakken acreage to Magnum Hunter
- 50,000 net acres
- MDU sells some of its acreage to Oasis; much of it in MDU's Cottonwood field
- announced December, 2009
- $41 billion deal
- not quite similar to others among the Bakken deals (see first comment below)
- a natural gas play
- XTO's assets in the Bakken just a small part of XTO's overall assets
- in 2007 time-frame (see comments)
- $1.9 billion
- XTO buys Headington assets in Montana and North Dakota Bakken
WPX buys 7% of the reservation
This probably doesn't fit your criteria, but XTO did have a lot of acreage in the Bakken when it was taken out by Exxon.
ReplyDeleteThank you. Yes, it does fit. I had completely forgotten that one and I made such a big deal when it happened. I was going to go through the blog and find those I had missed -- it would have been embarrassing to miss this one.
DeleteThank you.
I assume I am forgetting some others.
Think XTO bought two years prior from Headington for 1.9 Billion for Bakken assets in Montana and North Dakota
ReplyDeleteIt's interesting after all the studying of rock and new assesments of recovery of oil. So much interest in North Dakota! It's like much of the country is in a crisis. And North Dakota is taking the lead! Thank you North Dakota!
ReplyDeleteRegarding: XTO/Headington -- thank you. This page is obviously a work in progress; it will be filled in as we go along.
ReplyDeleteRegarding "... new assessments..." .. I am working on a new post that will be quite staggering in terms of new projections.
Another not exactly "Bakken" acquisition was Denbury's buy out of Encore. Plenty of Bakken acres changed hands yet Denbury's primary focus was on Encore existing production elsewhere.
ReplyDeleteFWIW, much of Encore's North Dakota property was acquired when Anadarko bailed out of North Dakota in about 2005 or so.
Wow, another one I forgot, and should have remembered. This is a big one, also. Especially with regard to EOR. Thank you. Yes, I remember this one well -- now. Smile.
Delete