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Crescent Point acquires Legacy Oil + Gas for US$1.25 billion


Crescent Point acquires Legacy Oil + Gas for US$1.25 billion

Report summary

On 26 May 2015, Crescent Point Energy Corp. announced the acquisition of Legacy Oil and Gas Inc. for total consideration of Cdn$1.53 billion (US$1.23 billion). The acquisition falls in line with Crescent Point's strategy of acquiring high netback, low decline and large oil in-place pools with low recovery rates and development upside. For Legacy, the transaction caps a tumultuous six months where the commodity price decline and its economic effects magnified Legacy's debt position.

What's included?

This report includes 1 file(s)

  • Crescent Point acquires Legacy Oil + Gas for US$1.25 billion PDF - 577.71 KB 5 Pages, 4 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 5 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
    • Legacy/Crescent Point drilling locations
  • Transaction details
  • Deal analysis
    • Deal analysis: Table 1
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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