Deal Insight
Cimarex acquires Resolute for US$1.77 billion
Get this report
$1,650
You can pay by card or invoice
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 8 images and tables including:
- 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:
Other reports you may be interested in
26 November 2018
Corporate week in brief: Cash boost for BP as Clair Ridge comes onstream
Insight
Corporate week in brief: Cash boost for BP as Clair Ridge comes onstream
Major milestone for BP as Clair Ridge comes onstream
$70002 November 2018
Denbury Resources acquires Penn Virginia Corporation for US$1.7 billion
Deal Insight
Denbury Resources acquires Penn Virginia Corporation for US$1.7 billion
EOR player diversifies into tight oil
$1,65010 August 2018
Kosmos Energy acquires Deep Gulf for US$1.225 billion in US Gulf of Mexico
Deal Insight
Kosmos Energy acquires Deep Gulf for US$1.225 billion in US Gulf of Mexico
GoM acquisition sees Kosmos diversify beyond its African-focused, exploration-led core
$1,650
Trusted by leading organisations
