Deal insight

Mitsui to pay US$1.4 billion for a stake in Anadarko's Marcellus acreage

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

In the latest of a string of recent deals in the US shale gas sector Mitsui has announced the acquisition of a 32.5% stake in Anadarko's Marcellus acreage. The consideration is US$1.4 billion to be paid as a carry of Anadarko's drilling and completion costs over the next four or five years. Our base case valuation of the acquired interests (excluding the cost carry) is US$1.5 billion. This equates to an Implied Long term Oil Price of US$60/bbl or an implied long term gas price ...

What's included

This report contains

  • Document

    Mitsui to pay US$1.4 billion for a stake in Anadarko's Marcellus acreage

    PDF 735.01 KB

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

  • Anadarko Marcellus Acreage
  • Wood Mackenzie modelling forecasts and assumptions for the interests acquired by Mitsui

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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898