Deal Insight
Chevron acquires 228,000 net Marcellus Shale acres in southwest Pennsylvania from Chief Oil & Gas and Tug Hill
This report is currently unavailable
Report summary
Chevron has announced the acquisition of 228,000 net acres in the Marcellus Shale from Chief Oil & Gas, and Tug Hill. For Chevron, the deal is all about building on the position it gained through the February 2010 acquisition of Atlas Energy. The Chief acreage, located in southwest Pennsylvania, is contiguous with the Atlas portfolio, and adds a further 5 tcf of gas to Chevron's long-term resource base.The parties did not disclose the consideration, but analysis of comparable ...
Table of contents
- Executive summary
- Upstream assets
-
Deal analysis
- Wood Mackenzie valuation
- Metric based implied transaction cost
- Upsides and risks
-
Strategic rationale
- Chevron
- Chief
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Chief acreage in southwest PA
- Wood Mackenzie NPV sensitivities under drilling upside scenarios of Plus 25% and Plus 50%
- Upsides and risks: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- 1) Wood Mackenzie NPV estimates and 2) Comparable transaction metric based implied cost
- Deal analysis: Table 1
- Deal analysis: Table 2
What's included
This report contains:
Other reports you may be interested in
Deal Insight
TotalEnergies acquires 50% in SapuraOMV for US$903 million
TotalEnergies has acquired OMV's 50% interest in the Malaysian SapuraOMV JV for a headline cash consideration of US$903 million. ...
$1,650
Insight
Labour's UK tax plan risks wiping out North Sea investment
What are the risks to future investment, development and the upstream industry as a whole as a result of Labour's proposed tax changes?
$1,350
Deal Insight
Chesapeake and Southwestern merge in all-stock transaction
The combination of Chesapeake Energy (CHK) and Southwestern Energy (SWN) will create the largest US natural gas company.
$1,650