Deal Insight

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

This report is currently unavailable

This report is currently unavailable

Get this Deal Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

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:

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

Images

  • Denbury Operations
  • Production and Capex Outlook

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898