Deal insight

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

    PDF 599.98 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Exploration upside potential is substantial
    • But ultra-deep exploration and development carries huge uncertainty
    • Plains E&P
    • McMoRan
  • 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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