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Concho Resources increases Permian position through US$1 billion acquisition

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Report summary

Concho recently announced the acquisition of Three Rivers' Permian assets for US$1 billion in cash. The deal highlights an increasing interest in the oil rich Permian Basin as operators focus their efforts on liquids production. Three Rivers holds 200 000 net acres prospective for several unconventional resource plays including the Bone Spring Wolfberry Wolfcamp and Cline. The acquired assets hold proved reserves of 58 mmboe (50% oil) and currently produce 7 000 boe/d.We value the ...

What's included

This report contains

  • Document

    Concho Resources increases Permian position through US$1 billion acquisition

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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 10 images and tables including:

Images

  • Areas of current and emerging development in the Permian
  • Modelled development of acquired assets
  • Deal value sensitivity to oil IP of key plays

Tables

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

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