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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Occidental
- Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Implied Long-term Gas Price sensitivities adjusted for value of midstream component *
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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