Deal Insight

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

This report is currently unavailable

This report is currently unavailable

Get this Deal Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

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 contains

  • Document

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

    PDF 378.88 KB

Table of contents

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

Tables and charts

This report includes 11 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Duvernay wells drilled by sub-play and operator
  • Duvernay corporate production outlook
  • Upside to valuation

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800