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9 Pages

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

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

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 includes 1 file(s)

  • McMoRan acquires Plains' GoM shelf assets for US$818 million PDF - 599.98 KB 9 Pages, 7 Tables, 2 Figures


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
  • Deal analysis
  • Upsides and risks
    • Exploration upside potential is substantial
    • But ultra-deep exploration and development carries huge uncertainty
  • Strategic rationale
    • Plains E&P
    • McMoRan
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
    • Davy Jones sensitivity analysis (at gross field level)
  • Strategic rationale
    • Plains E&P and McMoRan interests in US GoM shelf
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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