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7 Pages

QEP expands Midland Permian position for US$732 million


QEP expands Midland Permian position for US$732 million

Report summary

On 26 July 2017, QEP Resources announced the acquisition of 13,800 net acres in the Permian Midland Basin for US$732 million. The company will structure the acquisition as a like-kind-exchange and fund the deal with proceeds from its previously announced Pinedale divestiture and cash on hand. The acreage is located in Martin County, Texas, southeast of QEP's existing Permian position, where it is currently operating a three-rig program across 28,800 net acres. This transaction will grow ...

What's included?

This report includes 1 file(s)

  • QEP expands Midland Permian position for US$732 million PDF - 399.50 KB 7 Pages, 7 Tables, 3 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
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • QEP Resources
  • Oil & gas pricing and assumptions

In this report there are 10 tables or charts, including:

  • Executive summary
    • Acreage pricing for 2016-17 Midland Basin deals
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • QEP Resources Midland acreage
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • QEP asset cashflow: Pinedale divestment and Midland acquisition
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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