M&A Deal Summary

Equinor Acquires Brigham Exploration Company

On October 7, 2011, Equinor acquired oil/gas exploration company Brigham Exploration Company for 4.4B USD

Acquisition Highlights
  • This is Equinor’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Equinor’s largest (disclosed) transaction.
  • This is Equinor’s 2nd transaction in the United States.
  • This is Equinor’s 2nd transaction in Texas.

M&A Deal Summary
Date 2011-10-07
Target Brigham Exploration Company
Sector Oil/Gas Exploration
Buyer(s) Equinor
Deal Type Add-on Acquisition
Deal Value 4.4B USD

Target

Brigham Exploration Company

Austin, Texas, United States
website
Brigham is involved in the exploration, development and production of oil and natural gas in the Gulf Coast, Anadarko Basin and Permian Basin of the U.S. The company applies 3-D seismic imaging and other advanced geological interpretation techniques to explore and develop its oil and natural gas fields.

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Buyer(S) 1

Buyer

Equinor

Stavanger, Norway

website

Category Company
Founded 1972
Sector Oil/Gas Exploration
Employees21,936
Revenue 149.0B USD (2022)
DESCRIPTION
Statoil office in Houston, Texas.
Statoil office in Houston, Texas.

Equinor is an integrated oil and gas company with operations worldwide. Equinor was founded in 1972 and is based in Stavanger, Norway.

DEAL STATS #
Overall 2 of 5
Sector (Oil/Gas Exploration) 2 of 3
Type (Add-on Acquisition) 1 of 3
State (Texas) 2 of 2
Country (United States) 2 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Enduring Resource - South Texas Eagle Ford Assets

Texas, United States

Enduring Resource - South Texas Eagle Ford Assets consists of DeWitt, Live Oak, McMullen, La Salle and Webb counties as well as an interest in gas processing infrastructure.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 Mestilla UAB

Klaipėda, Lithuania

Mestilla UAB is a state-of-the-art biodiesel producer in the Baltic region.

Sell -
Mergr

Product

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