Deal insight

Chevron acquires Atlas Energy for US$4.3 billion

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Report summary

Chevron is to acquire Atlas Energy for US$4.3 billion (including debt of US$1.1 billion). Atlas holds 486 000 net acres in the Marcellus Shale plus 623 000 net acres in the embryonic Utica and Collingwood shales. Our analysis suggests that the deal will break even at a long term gas price of US$6.55/mcf. This assumes that only the Marcellus Chatanooga and Antrim shales are commercial. Should the liquids rich Utica and Collingwood shales be proven viable Chevron's early entry ...

What's included

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  • Document

    Chevron acquires Atlas Energy for US$4.3 billion

    PDF 379.61 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

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