Deal insight
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8 Pages

Kinder Morgan carves out El Paso E&P for US$7.15 billion


Kinder Morgan carves out El Paso E&P for US$7.15 billion

Report summary

A consortium of private equity investors, led by Apollo Global Management, is to acquire El Paso's upstream business (EP Energy Corporation) for US$7.15 billion. It has also been reported that KNOC is involved in the deal, alongside the Private Equity players, although this has yet to be officially verified. The sale has been in the pipeline since Kinder Morgan announced its US$38 billion acquisition of El Paso Corporation in October 2011. Its interest in El Paso is limited to its ...

What's included?

This report includes 1 file(s)

  • Kinder Morgan carves out El Paso E&P for US$7.15 billion PDF - 2.83 MB 8 Pages, 7 Tables, 3 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
    • Key Lower 48 gas plays
    • Key Lower 48 liquids plays
    • Brazil
    • Egypt
  • Deal analysis
  • Strategic rationale
    • Apollo, Riverstone and Access Industries
      • EP Energy portfolio
      • Consortium members
    • Kinder Morgan (El Paso)
  • Oil & gas pricing and assumptions

In this report there are 10 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Key upstream assets
    • Upstream assets: Table 1
    • Wood Mackenzie estimates of EP Energy 2P Commercial Reserves and base production forecast
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Wood Mackenzie base case deal valuation by region and; implied long-term gas price sensitivity analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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