Deal Insight
Chevron executes 30% Duvernay farm-out agreement with KUFPEC for US$1.5 bn
This report is currently unavailable
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.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- KUFPEC
- Chevron
- Oil & gas pricing and assumptions
Tables and charts
This report includes 11 images and tables including:
- Executive summary: Table 1
- Duvernay wells drilled by sub-play and operator
- Duvernay corporate production outlook
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Upside to valuation
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Cirque zinc mine project
A detailed analysis of the Cirque zinc mine project.
$2,250
Asset Report
Montana Tunnels (closed) zinc mine
A detailed analysis of the Montana Tunnels zinc mine.
$2,250
Asset Report
Lundberg & Engine House zinc mine
A detailed analysis of the Lundberg & Engine House zinc mine.
$2,250
