Deal Insight
BG to acquire a 50% stake in EXCO's Appalachian Basin assets
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Report summary
BG has announced the acquisition of a 50% stake in EXCO Resources' Marcellus Shale acreage. The consideration is US$950 million: US$800 million is to be paid as cash at closing with the balance to be paid as 75% of EXCO's drilling costs through 2011. Our base case valuation of the acquired interests (excluding the cost carry) is US$771 million. This equates to an Implied Long-term Oil Price of US$85/bbl, or an implied long-term Henry Hub gas price of US$6.79/mcf (both NPV10, in ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Valuation Methodology
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- EXCO BG core Marcellus acreage
- 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
What's included
This report contains:
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