Deal Insight
Oasis Petroleum acquires 20,300 net acres in the Delaware Permian from PE-backed Forge Energy for US$946 million
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Report summary
Oasis Petroleum announced an agreement to acquire 20,300 net acres in the Delaware Basin from Forge Energy, LLC for US$946 million. The acreage, located in Loving, Ward, Winkler and Reeves counties, currently produces 3,500 boe/d. This is a significant strategic decision for the company as it departs from its status as a Bakken pure play operator to enter the hottest region in the US Lower 48. In this deal insight, we share our view on the assets and analyse the strategic rationale behind the transaction for both companies.
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 the following images and tables:
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Executive summary: Table 1Well and permit locations by operatorUpstream assets: Table 1
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Delaware Basin M&ADeal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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