Deal Insight
Cimarex acquires Resolute for US$1.77 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Permian consolidation continues as Cimarex Energy has agreed to acquire Resolute Energy in a stock and cash deal for US$1.6 billion, including US$710 million of long-term debt. Our standard inclusion of working capital adjustments increases the consideration to US$1.8 billion. The consideration price of US$35 per share represents a 15% premium to Resolute's share price of US$30.39 on the previous day of trading before the deal announcement. Unlike many recent transactions, both stock prices were up on the announcement.
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 the following images and tables:
- Executive summary: Table 1
- Delaware Basin Wolfcamp A oil-in-place (STOIIP) map with Cum365 gas-to-oil ratio (GOR)
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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