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6 Pages

Alexander Energy picks up Saskatchewan assets with the all-share acquisition of Renegade Petroleum for US$450 million


Alexander Energy picks up Saskatchewan assets with the all-share acquisition of Renegade Petroleum for US$450 million

Report summary

On 11 February, Alexander Energy and Renegade Petroleum announced they had entered into an amalgamation agreement, whereby Alexander would acquire all of the issued and outstanding shares of Renegade. The acquisition includes approximately 5,200 boe/d (97% liquids) of production, 150,571 net undeveloped acres, and Cdn$548 million in tax pools. The total transaction price is approximately Cdn$459 million (including Cdn$168 million in net debt), representing a 53% premium to Renegade's ...

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This report includes 1 file(s)

  • Alexander Energy picks up Saskatchewan assets with the all-share acquisition of Renegade Petroleum for US$450 million PDF - 566.49 KB 6 Pages, 7 Tables, 2 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
    • Announcement on the heels of a bitter proxy battle
  • Transaction details
  • Upstream assets
    • Renegade's Saskatchewan assets drive the economics
      • Williston Basin
      • Viking
  • Deal analysis
  • Upsides and risks
    • Significant Saskatchewan Upside
  • Oil & gas pricing and assumptions
    • Economic Assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Williston Type Curve
    • Viking Type Curve
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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