Deal insight

Apache and Mariner Energy enter into a merger agreement

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Report summary

Following a three year hiatus, Apache has re-entered the M&A market in a material way. Just three days after announcing the US$1 billion acquisition of Devon's Gulf of Mexico Shelf portfolio, Apache has agreed a US$3.9 billion merger with Mariner Energy. A major deal driver is Mariner's exposure to the Deepwater Gulf of Mexico. The portfolio also includes assets in two of Apache's core regions: the Gulf of Mexico Shelf and the Permian Basin.The deal consideration is ...

What's included

This report contains

  • Document

    Apache and Mariner Energy enter into a merger agreement

    PDF 1.40 MB

Table of contents

  • Executive summary
  • Transaction details
    • Permian
    • Gulf of Mexico Shelf
    • Deepwater Gulf of Mexico
    • Other areas
  • Deal analysis
  • Upsides and risks
    • Apache
    • Mariner
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 11 images and tables including:

Images

  • Production and Investment for acquired portfolio
  • Implied Oil Price sensitivity to exploration acreage value
  • Mariner Permian areas of operation
  • Mariner Gulf of Mexico leases

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

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