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McMoRan acquires Plains' GoM shelf assets for US$818 million

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Report summary

McMoRan has announced an US$818 million cash and stock deal to acquire Plains E&P's entire Gulf of Mexico (GoM) shelf portfolio. The acquisition will consolidate McMoRan's existing position across the shelf increasing the company's exposure to its own deep and ultra deep exploration programmes. The GoM shelf encompasses areas in water depths of less than 400 metres. Deep and ultra deep wells are defined as those drilled to sub surface depths in excess of 4 570 metres ...

What's included

This report contains

  • Document

    McMoRan acquires Plains' GoM shelf assets for US$818 million

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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

  • Davy Jones sensitivity analysis (at gross field level)
  • Plains E&P and McMoRan interests in US GoM shelf

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

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