Deal Insight
Apache sells GoM Shelf assets for US$3.75 billion
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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. ...
Table of contents
- 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
Tables and charts
This report includes 13 images and tables including:
- Executive summary: Table 1
- 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: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Apache - production and cash flow
What's included
This report contains:
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