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ExxonMobil picks up Midland Basin assets in a swap deal with LINN Energy


ExxonMobil picks up Midland Basin assets in a swap deal with LINN Energy

Report summary

On 21 May 2014 it was announced that ExxonMobil had agreed with LINN Energy to swap out of a partial interest in dry gas assets located in the Hugoton Basin (primarily in Kansas) in exchange for 26,000 net acres located in the Midland Basin (primarily in West Texas). The deal included no cash component, but based on comparable transactions in the same area of the Midland Basin (sub-plays include the Deep Basin, Glasscock Nose and Ozona), we estimate an average per acre price of between ...

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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.

  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale
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