Deal Insight
EnerVest Ltd. acquires Barnett Shale properties from Talon Oil & Gas for US$967 million
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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 7 images and tables including:
- 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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