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BreitBurn Energy Partners acquires Oklahoma Panhandle oil assets from Whiting for US$860 million


BreitBurn Energy Partners acquires Oklahoma Panhandle oil assets from Whiting for US$860 million

Report summary

BreitBurn Energy Partners LP is to acquire Whiting Petroleum Corporation's interests in the Postle and North East Hardesty oil fields, along with all associated midstream assets, for US$860 million. The fields, in Texas County, Oklahoma, utilise Enhanced Oil Recovery (EOR) to maintain production levels. This deal marks BreitBurn's first foray into the Mid-Continent as the company ventures beyond its traditional asset base in California. The deal also spotlights the increasing ...

What's included?

This report includes 1 file(s)

  • BreitBurn Energy Partners acquires Oklahoma Panhandle oil assets from Whiting for US$860 million PDF - 1.58 MB 8 Pages, 8 Tables, 1 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
  • 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
    • Postle and North East Hardesty oil fields and midstream infrastructure
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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