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The following is an extract from an EXCO Resources news release dated 21 April 2010: EXCO Resources, Inc. today announced an agreement to purchase Common Resources, L.L.C. ("Common") jointly with BG Group plc ("BG Group") for approximately $446 million in cash, subject to customary purchase price adjustments. Common owns producing assets, gathering lines and acreage in Shelby, San Augustine and Nacogdoches Counties, TX. Common's Eagle Ford assets are not part of the ...
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Exco Resources and BG to jointly acquire Common Resources LLC for US$441 million PDF - 264.41 KB 2 Pages, 1 Tables, 0 Figures
Description
The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.
This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.
This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.
For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.
Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Deal insight | Apr 2010
Exco Resources and BG to jointly acquire Common Resources LLC for US$441 million
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