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 ...

What's included

This report contains

  • Document

    Denbury acquires Williston Basin assets from ConocoPhillips for US$1.05 billion

    PDF 1.10 MB

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:

Images

  • Denbury Operations
  • Production and Capex Outlook

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • 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

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