Deal insight
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4 Pages

Occidental acquires Nations Petroleum's Lost Hills holdings in California


Occidental acquires Nations Petroleum's Lost Hills holdings in California

Report summary

In January 2011, Occidental completed the acquisition of Nations Petroleum's Lost Hills field leasehold in the San Joaquin Basin, California for an undisclosed consideration. In addition to the producing Lost Hills asset, the acquired acreage is prospective for the embryonic Monterey Shale. This is by no means a large transaction; we estimate that the purchase price is likely to have been in the US$500 million to US$1 billion range. However, it represents the first sizable deal in ...

What's included?

This report includes 1 file(s)

  • Occidental acquires Nations Petroleum's Lost Hills holdings in California PDF - 618.64 KB 4 Pages, 1 Tables, 1 Figures

Description

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
  • Upstream assets
    • Monterey Shale
    • Monterey Shale type well
  • Oil & gas pricing and assumptions

In this report there are 2 tables or charts, including:

  • Executive summary
  • Upstream assets
    • Lost Hills map
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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