Add-on Acquisition • Oil/Gas Exploration

Equinor Acquires Brigham Exploration Company

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

Acquisition Context

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.

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M&A Deal Summary
Date	October 7, 2011
Target	Brigham Exploration Company
Sector	Oil/Gas Exploration
Buyer(s)	Equinor
Deal Type	Add-on Acquisition
Deal Value	4.4B USD

Target Company

Brigham Exploration Company

Austin, Texas, United States

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 Overview 1

Buyer

Equinor

Stavanger, Norway

Category	Company
Founded	1972
Sector	Oil/Gas Exploration
Employees	24,126
Revenue	102.5B USD (2024)

DESCRIPTION

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 Context for Buyer	#
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

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	-

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

Explore Related M&A Activity

Oil/Gas Exploration M&A - Add-on Acquisition M&A Deals - Texas M&A - United States M&A - 2011 M&A