Deal insight

FourPoint Energy acquires Mid-Continent tight oil assets for US$840 million

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Report summary

FourPoint has acquired two separate asset packages: 1) properties held in the Chesapeake Cleveland-Tonkawa, LLC subsidiary entity, valued at US$750 million, and 2) adjacent properties, held by Chesapeake outside of the subsidiary, valued at US$90 million. Proceeds from the acquisition properties held in the subsidiary will be payable to the entity's preferred-interest holders (funds managed by GSO Capital Partners as well as other third-party investors).

What's included

This report contains

  • Document

    FourPoint Energy acquires Mid-Continent tight oil assets for US$840 million

    PDF 341.24 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Chesapeake Energy
    • FourPoint Energy
    • GSO Capital and partner investors
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

Images

  • Gearing ratios: Focused-US peer group
  • Chesapeake Cleveland Tonkawa LLC net cash flow at US$60/bbl WTI (flat, real)*

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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