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Viking asset valuations cut in half from 2 years ago

July 5, 20166:59 AM BOE Report Staff0 Comments

Viking oil has been a much sought after asset over the past 3 to 6 months. Companies such as Raging River Exploration, Teine Energy and NAL Resources have significantly increased their exposure in the play. The Viking play has several advantages for producers: low capital costs, high netbacks because it’s a light oil play, and low operating costs.

Even with all its benefits, the Viking has not been immune to the tremendous drop in the price of oil. It’s still a profitable play, but where producers used to tout $50-$60/bbl netbacks, the reality is now closer to $15-$25/bbl. Here is a chart of Viking oil transactions since 2013.

The Viking has been a prime example of a high quality play which used to fetch $100,000+/BOE/D for producing assets. Current trasnactions fall in the $50,000 – $60,000 range.

This report was generated using the BOE Report M&A database.

NAL Resources Raging River Exploration Teine Energy Viking

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