Mergers & Acquisitions Deal Analysis - Statoil to Acquire 59,000 Net Acres in the Marcellus Shale from Chesapeake Energy by GlobalData

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									             Mergers & Acquisitions Deal Analysis - Statoil to Acquire
             59,000 Net Acres in the Marcellus Shale from Chesapeake
                                      Energy
       Reference Code: GDGE0118M&A                                                                                                      Publication Date: APRIL 2010

                                                                                                     2         Statoil to Acquire 59,000 Net Acres in
       1         Table of Contents                                                                             the Marcellus Shale from Chesapeake
       1    Table of Contents ...............................................................1                 Energy
          1.1    List of Tables ...............................................................1
          1.2    List of Figures..............................................................1      2.1       Deal Overview
       2 Statoil to Acquire 59,000 Net Acres in the Marcellus Shale
       from Chesapeake Energy ..........................................................1                Table 1: Deal Overview
          2.1    Deal Overview .............................................................1
          2.2    Deal in Brief.................................................................1         Deal Type                                    Asset Transactions
          2.3    Marcellus Shale Assets Acquisition: Statoil to Further                                  Deal Status                                         Announced
          Consolidate its Presence in the US Shale Plays....................1
                                                                                                         Announced Date                                   Mar 26, 2010
          2.4    Statoil Leveraging the US Shale Gas Plays Due to the
          Growing Demand of Natural Gas ...........................................2                     Source: GlobalData
          2.5    Major Companies are Focusing on Marcellus Shale as
          a Significant Acquisition Base ................................................3           2.2       Deal in Brief
          2.6    Deal Financials............................................................4
          2.7    Detailed Target Information .........................................4              Statoil ASA (Statoil) signed an agreement to acquire 59,000 net
          2.8    Acreage Information ....................................................4           acres in the Marcellus Shale, US from Chesapeake Energy
          2.9    Transaction Implied Values .........................................4               Corporation (Chesapeake Energy) for a purchase consideration
          2.10      Detailed Acquirer Information .................................5                 of $253 million.
          2.11      Detailed Vendor Information ...................................5
       3 Appendix ............................................................................5      The acquisition will enable Statoil to optimize its development
          3.1    About Energy eTrack...................................................5             activity and secure additional developments in the Marcellus
          3.2    Methodology................................................................5        Shale play. Statoil expects to continue to grow its Marcellus
          3.3    Contact Us ..................................................................6
                                                                                                     position together with Chesapeake Energy.
          3.4    Disclaimer ...................................................................7
                                                                                                     The transaction implies deal value of $4,288.14 per acre of
       1.1       List of Tables                                                                      land.
       Table 1: Deal Overview .............................................................1
       Table 2: Shale Gas, Acquisition Details, August 2009-March                                    2.3       Marcellus Shale Assets Acquisition: Statoil
                2010 ............................................................................4             to Further Consolidate its Presence in the
       Table 3: Financials of the Deal, 2010 ........................................4
       Table 4: Target Information .......................................................4
                                                                                                               US Shale Plays
       Table 5: Target’s Acreage Information, 2010.............................4                     Statoil is engaged in the E&P of crude oil & natural gas,
       Table 6: Transaction Implied Values, 2010................................4                    transportation and processing of gas and LNG as well as
       Table 7: Acquirer Information ....................................................5           marketing of crude oil and petroleum products. The company
       Table 8: Vendor Information ......................................................5
                                                                                                     primarily operates in Norway but has international presence in
                                                                                                     more than 40 countries globally. The figure1 details the
       1.2       List of Figures
                                                                                                     company’s operations globally.
       Figure 1: Statoil, Operations Map, 2010 ........................
								
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