Deal Insight
LINN Energy acquires Berry Petroleum in an all-share deal valued at US$4.3 billion
This report is currently unavailable
Report summary
The deal is the first acquisition of a C-Corp by an Upstream MLP (or LLC), and is structured such that Berry's shareholders are not burdened by tax on the sale. This purchase is LINN's third multi-billion dollar investment in twelve months, and underscores the company's growing appetite for high margin, low decline, mature properties.Berry's portfolio of largely conventional oil assets across California, the Rocky Mountains, West Texas and along the Gulf Coast substantially ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
-
California
- Diatomite
- South Midway-Sunset
- McKittrick
- Uinta Basin - Rocky Mountains
- Permian Basin
-
California
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Per flowing barrel deal metrics for comparable transactions
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Deal Insight
Enerplus merges with Chord in US$3.8 billion deal
The move propels Chord to the largest production and acreage footprint in the Williston Basin
$1,650
Deal Insight
Talos Energy acquires QuarterNorth Energy for US$1.3 billion
Deal cements Talos's position as a top producer in the US Gulf of Mexico
$1,650
Insight
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350