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7 Pages

Chevron executes 30% Duvernay farm-out agreement with KUFPEC for US$1.5 bn

Chevron executes 30% Duvernay farm-out agreement with KUFPEC for US$1.5 bn

Report summary

The deal includes 330,000 net acres of prospective Duvernay acreage, predominantly located within the Kaybob area of Alberta. In this sub-play, which is the best performing of the play, Chevron has drilled 16 wells, of which 13 have been completed and a further 10 tied-in. Under our base case, we value the assets acquired at US$1.31 billion. But a number of factors could provide upside to our valuation: higher EURs, downspacing, cost reductions and an accelerated drilling programme.

What's included?

This report includes 1 file(s)

  • Chevron executes 30% Duvernay farm-out agreement with KUFPEC for US$1.5 bn PDF - 378.88 KB 7 Pages, 8 Tables, 3 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 11 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Duvernay wells drilled by sub-play and operator
    • Duvernay corporate production outlook
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Upsides and risks
    • Upside to valuation
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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