Deal Insight

Chesapeake in US$4 billion Eagle Ford acquisition

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12 November 2018

Chesapeake in US$4 billion Eagle Ford acquisition

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
    • Chesapeake
    • WildHorse
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • 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:

  • Document

    Chesapeake in US$4 billion Eagle Ford acquisition

    PDF 742.97 KB

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