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8 Pages

Apache sells GoM Shelf assets for US$3.75 billion

Apache sells GoM Shelf assets for US$3.75 billion

Report summary

Apache announced the sale of its Gulf of Mexico (GoM) Shelf assets on 18 July 2013. Fieldwood Energy, backed by private equity group Riverstone Holdings, will acquire the properties for US$3.75 billion in cash. This is the largest ever deal that is exclusively comprised of GoM Shelf assets, and represents a step change in the portfolios of both companies. Apache built its position, the largest on the GoM Shelf, through a series of acquisitions and lease sale purchases which began in 1980. ...

What's included?

This report includes 1 file(s)

  • Apache sells GoM Shelf assets for US$3.75 billion PDF - 1.34 MB 8 Pages, 9 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
  • Deal analysis
  • Upsides and risks
    • Production and continued development
    • Geographic risks specific to the Gulf of Mexico
    • Personnel transfer
  • Strategic rationale
    • Apache
    • Fieldwood Energy/ Riverstone
  • Oil & gas pricing and assumptions

In this report there are 13 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Upstream assets: Table 2
    • Apache GoM Shelf - blocks by max drilling depth
    • Apache GoM Shelf - blocks by development status
    • Upstream assets: Table 3
    • Apache GoM assets - cash flow and production profile
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Apache - production and cash flow
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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