Deal Insight
Concho takes out RSP Permian for US$9.5 billion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the largest Permian-only deal ever, Concho plans to acquire RSP Permian for US$9.5 billion in an all stock transaction, representing a 29% premium over market value. The pro-forma company will soon operate the largest rig program in the Permian, at 27 rigs across 640,000 net acres. We value the acquisition at a remaining post-tax NPV10 of US$9.9 billion (US$65/bbl long-term price assumption). Concho has placed a lot of value (PV of US$2+ billion) in this acquisition's potential ...
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
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Deal analysis: Table 5
- Concho and RSP operated wells
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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