Deal Insight
Concho Resources increases Permian position through US$1 billion acquisition
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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
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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Modelling assumptions
- Upsides and risks
-
Strategic rationale
- Three Rivers
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Areas of current and emerging development in the Permian
- Upstream assets: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- 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
What's included
This report contains:
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