Deal Insight
Denbury Resources acquires Penn Virginia Corporation for US$1.7 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Denbury announced plans to acquire Penn Virginia Corporation for an enterprise value of US$1.7 billion. Penn Virginia produced approximately 22,200 boe/d (Q2 2018) across a contiguous position of 84,060 net acres in the oil window of the Eagle Ford. The deal will be funded with US$400 million in cash and ~US$830 million in stock and is expected to close in Q1 2019.
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 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
