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7 Pages

Baytex Energy picks up 22,000 core Eagle Ford acres with the acquisition of Aurora Oil & Gas for US$2.3 billion


Baytex Energy picks up 22,000 core Eagle Ford acres with the acquisition of Aurora Oil & Gas for US$2.3 billion

Report summary

Canadian operator Baytex Energy has made an eye-catching move into the Eagle Ford Shale, with its planned acquisition of Aurora Oil & Gas for US$2.3 billion (C$2.6 billion). The deal follows only months after the play saw another multi-billion acquisition by Devon, and marks what we believe to be one of the last remaining core Eagle Ford properties available for purchase to enter the play. Baytex, which is primarily a heavy oil producer, will gain properties producing approximately ...

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  • Baytex Energy picks up 22,000 core Eagle Ford acres with the acquisition of Aurora Oil & Gas for US$2.3 billion PDF - 857.54 KB 7 Pages, 7 Tables, 2 Figures

Description

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
  • Strategic rationale
    • Baytex Energy
    • Aurora Oil & Gas
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Location of Aurora's assets
    • Upstream assets: Table 1
  • Deal analysis
    • Value per acre for selected transactions in the core of the Eagle Ford
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • 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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