Deal insight

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

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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 contains

  • Document

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

    PDF 1.98 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Images

  • Hess' Lean Gas acreage sale and nearby operator activity

Tables

  • 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
  • Strategic rationale: Table 1

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