Deal Insight
Chesapeake in US$4 billion Eagle Ford acquisition
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Chesapeake is buying WildHorse Resource Development. WildHorse shareholders can choose to accept payment in all stock or in a cash-and-stock option. The cash-and-stock option values Wildhorse's equity at US$22.85 per share - a 24% bid premium. Adjusting for net debt and working capital (as per Wood Mackenzie's standard methodology), the total consideration is US$4.2 billion. Chesapeake shareholders will own around 55% of the pro-forma entity.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
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Strategic rationale
- Chesapeake
- WildHorse
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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