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Crescent Point acquires privately held Ute Energy, focsed on tight oil in the Uinta Basin (Utah), for US$861 million


Crescent Point acquires privately held Ute Energy, focsed on tight oil in the Uinta Basin (Utah), for US$861 million

Report summary

Crescent Point Energy, of late Canada's most active company in the energy acquisitions market, is to acquire Ute Energy, a private E&P company owned by the Ute Indian Tribe and private equity firm Quantum Energy Partners. This is Crescent Point's first acquisition outside of Canada this year, but falls closely in line with the company's strategy of buying into resource plays with substantial oil-in-place and long-term upside potential. A cash consideration of US$784 ...

What's included?

This report includes 1 file(s)

  • Crescent Point acquires privately held Ute Energy, focsed on tight oil in the Uinta Basin (Utah), for US$861 million PDF - 1.78 MB 7 Pages, 7 Tables, 2 Figures

Description

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
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Ute Energy Uinta Basin assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Crescent Point acquisitions during 2012 - seller highlighted
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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