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Apache acquires Cordillera Energy Partners III for US$2.85 billion

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23 January 2012

Apache acquires Cordillera Energy Partners III for US$2.85 billion

Report summary

Apache recently announced the acquisition of Cordillera Energy Partners III, LLC, a subsidiary of private equity investor EnCap, for US$2.85 billion in cash and stock. The deal is a bolt-on acquisition for Apache's existing operations in the Anadarko Basin (US Mid-Continent). CEP III holds 254,000 net acres prospective for several productive formations, including the Granite Wash, Tonkawa, Cottage Grove, Marmaton, Cleveland, Skinner and Atoka. The acquired assets currently produce at ...

Table of contents

  • Executive summary
  • Transaction details
    • Granite Wash
    • Tonkawa, Marmaton and Cleveland
    • Unit metrics
    • Multiple productive horizons
    • Natural gas option
    • Liquids-rich and oil producing formations
    • Heterogeneity across the region
    • Supply chain bottlenecks
    • Apache
    • Cordillera
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Areas of current development in the western Anadarko Basin
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Wood Mackenzie drilling assumptions and Deal IRR sensitivity to oil price

What's included

This report contains:

  • Document

    Apache acquires Cordillera Energy Partners III for US$2.85 billion

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