Deal Insight
Denbury acquires Williston Basin assets from ConocoPhillips for US$1.05 billion
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Report summary
Denbury Resources is to purchase conventional, oil producing assets from ConocoPhillips in the Cedar Creek Anticline (CCA), in the Williston Basin, for US$1.05 billion. Through the deal, Denbury will consolidate existing CCA interests, and gain operating interests in new areas. Remaining proved reserves are 42 mmboe (99% oil and NGLs), and Denbury estimates that an additional 60 to 80 mmboe is recoverable through EOR. We value the deal at US$1 billion (NPV10). Our modelling assumes a ...
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 9 images and tables including:
- Executive summary: Table 1
- Denbury Operations
- Upstream assets: Table 1
- Production and Capex Outlook
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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