Deal insight

Pioneer Natural Resources sells its Alaska business unit to Caelus Energy for US$300 million

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

Report summary

Caelus will pay US$550 million for the North Slope assets. Given Oooguruk's potential and our US$902 million valuation, this could prove to be a bargain price. But operational challenges remain; a more conservative scenario with only proven reserves modelled yields a US$403 million valuation. Newly enacted tax terms also remain subject to possible repeal; their removal results in more than a US$200 million decrease to our base case Oooguruk valuation.

What's included

This report contains

  • Document

    Pioneer Natural Resources sells its Alaska business unit to Caelus Energy for US$300 million

    PDF 3.21 MB

Table of contents

  • Executive summary
  • Transaction details
    • Oooguruk: the flagship asset
    • Nuna field adds a potential onshore development
  • Deal analysis
  • Upsides & risks
    • Pioneer Natural Resources redeploys capital to Permian Wolfcamp
    • Caelus Energy LLC attains a producing presence with growth potential
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Images

  • Pioneer's Alaska assets - a contiguous lease position on Beaufort Sea shelf

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898