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Hess sells 74,000 dry gas Utica acres for US$924 million to American Energy Partners


Hess sells 74,000 dry gas Utica acres for US$924 million to American Energy Partners

Report summary

Former CEO of Chesapeake Energy, Aubrey McClendon, returns to the Utica with a blockbuster deal in the dry gas portion of the play. McClendon's newly-formed company, American Energy Partners, is reported to have acquired Hess' 74,000 net acre position eastern Ohio's Jefferson, Belmont, and Harrison counties for US$924 million. This deal marks the largest acreage price paid to-date in the Utica's Lean Gas window, and signals a bullish outlook for well results in that area ...

What's included?

This report includes 1 file(s)

  • Hess sells 74,000 dry gas Utica acres for US$924 million to American Energy Partners PDF - 1.98 MB 8 Pages, 8 Tables, 1 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.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Upsides
    • Risks
  • Strategic rationale
    • Hess
    • American Energy Partners
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Strategic rationale: Table 1
    • Hess' Lean Gas acreage sale and nearby operator activity
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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