Deal Insight
EnerVest Ltd. acquires Barnett Shale properties from Talon Oil & Gas for US$967 million
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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
EnerVest Ltd. is to acquire producing assets in the Barnett Shale from Talon Oil & Gas for US$967 million. The portfolio includes 212 active wells on 19,709 net acres in the core section of the play. We value the acquired assets at US$1.1 billion. The purchase price suggests an Implied Long-term Oil Price of US$61/bbl, or an implied long-term gas price of US$5.95/mcf (both NPV10, in 2010 terms). This is below the level seen in recent US shale gas transactions in the Eagle Ford and ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Risks
- Upsides
-
Strategic rationale
- EnerVest
- Talon
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and 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
What's included
This report contains:
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