Deal Insight
Oxy acquires CrownRock for US$12 billion
Report summary
With the US$12 billion acquisition of CrownRock by Occidental, Permian M&A spend surpasses US$100 billion this year and further extends an already record year. At roughly 750,000 boe/d, Oxy will become the third largest producer in the Permian – behind just Chevron and ExxonMobil/Pioneer.By our numbers, Oxy didn't need the extra drilling inventory – but increasing its weighting in the oilier Midland Basin was likely a significant deal motivator.
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 12 images and tables including:
- Executive summary: Table 1
- Midland Basin acreage map
- Midland Wolfcamp Well results (2020 - 2023); Midland Spraberry well results (2020-2023)
- Upstream assets: Table 1
- Midland inventory by bench (US$60 WTI; US$3.15 HH; 15% IRR)
- Inventory build-up by WTI price
- Inventory sensitivity for Wolfcamp and Spraberry benches
- 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
What's included
This report contains:
Other reports you may be interested in
Asset Report
Blue Atlantic Pipeline
It is anticipated that the Blue Atlantic Transmission System will transport natural gas from offshore Nova Scotia to markets in Eastern ...
$2,150
Asset Report
Woodfibre LNG - Commercial Overview
Woodfibre LNG Limited is planning to build a new 2.1 mmtpa LNG processing and export facility at the former Woodfibre Pulp Mill near ...
$2,250
Asset Report
KNOC British Columbia
Korea National Oil Corporation (KNOC) entered western Canada in December 2009, through the acquisition of Harvest Energy Trust for a ...
$3,100
