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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Hess
- American Energy Partners
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- 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
- Hess' Lean Gas acreage sale and nearby operator activity
What's included
This report contains:
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