Deal Insight
Crescent Point acquires privately held Ute Energy, focsed on tight oil in the Uinta Basin (Utah), for US$861 million
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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 ...
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:
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Executive summary: Table 1Ute Energy Uinta Basin assetsUpstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Crescent Point acquisitions during 2012 - seller highlightedOil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
