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10 Pages

Apache and Mariner Energy enter into a merger agreement

Apache and Mariner Energy enter into a merger agreement

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 includes 1 file(s)

  • Apache and Mariner Energy enter into a merger agreement PDF - 1.40 MB 10 Pages, 7 Tables, 4 Figures


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
  • Upstream assets
    • Permian
    • Gulf of Mexico Shelf
    • Deepwater Gulf of Mexico
    • Other areas
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • Apache
    • Mariner
  • Oil & gas pricing and assumptions

In this report there are 11 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Production and Investment for acquired portfolio
    • Mariner Permian areas of operation
    • Mariner Gulf of Mexico leases
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
    • Implied Oil Price sensitivity to exploration acreage value
  • 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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