Deal Insight

Apache acquires Devon's GoM shelf assets for US$1.05 billion

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Report summary

Apache has agreed to acquire Devon's remaining assets on the Gulf of Mexico (GoM) shelf for a total consideration of US$1.05 billion. The deal will expand on Apache's already dominant regional positioning, displacing Chevron as the largest producer in the shallow waters of the Gulf of Mexico. The transaction fits the criteria for both Apache's acquire and exploit strategy, and Devon's desire to retrench and focus on its onshore unconventional portfolio.Our base case ...

What's included

This report contains

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    Apache acquires Devon's GoM shelf assets for US$1.05 billion

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Apache
    • Devon
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Map

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