Deal Insight
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
-
Strategic rationale
- 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:
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