Deal Insight
Apache and Mariner Energy enter into a merger agreement
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 ...
Table of contents
- 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
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Production and Investment for acquired portfolio
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Implied Oil Price sensitivity to exploration acreage value
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Mariner Permian areas of operation
- Mariner Gulf of Mexico leases
What's included
This report contains:
