Deal Insight

Oxy acquires South Texas assets from Shell for US$1.8 billion

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Report summary

Oxy is to acquire assets in South Texas from Shell for US$1.8 billion. The gas-weighted assets produce 200 mmcfed from 550 wells targeting the Frio and Vicksburg formations. Oxy will also acquire associated midstream interests. Wood Mackenzie values the upstream assets at US$1.6 billion (NPV10, discounted to 1 January 2011). This deal represents another step in Oxy's wider move to re-focus its long-term strategy domestically. The US$5.3 billion of US asset acquisitions in 2010 is ...

What's included

This report contains

  • Document

    Oxy acquires South Texas assets from Shell for US$1.8 billion

    PDF 353.05 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Occidental
    • Shell
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Implied Long-term Gas Price sensitivities adjusted for value of midstream component *

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