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9 Pages

Concho Resources increases Permian position through US$1 billion acquisition

Concho Resources increases Permian position through US$1 billion acquisition

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 ...

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This report includes 1 file(s)

  • Concho Resources increases Permian position through US$1 billion acquisition PDF - 941.96 KB 9 Pages, 7 Tables, 3 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Modelling assumptions
  • Upsides and risks
  • Strategic rationale
    • Three Rivers
  • Oil & gas pricing and assumptions

In this report there are 10 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Areas of current and emerging development in the Permian
    • Upstream assets: Table 1
  • Deal analysis
    • Modelled development of acquired assets
    • Deal value sensitivity to oil IP of key plays
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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