Deal insight

QEP Resources acquires Permian assets for US$600 million

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Report summary

Following a wave of M&A deals in Lower 48 during the first three weeks of July 2016 QEP Resources announced its plan to acquire 9 400 net acres ten miles east of its existing Midland Basin acreage for a total consideration of nearly US$600 million. The acquired position will add nearly 76 mmboe of net proved reserves and 430 horizontal well locations across four target benches: the Wolfcamp A and B and the Middle and Lower Spraberry.We value the acquired assets at US$543 million ...

What's included

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  • Document

    QEP Resources acquires Permian assets for US$600 million

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Table of contents

  • Executive summary
  • Transaction details
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Images

  • QEP's Midland Basin position offsets Pioneer's encouraging well results

Tables

  • Executive summary: Table 1
  • 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

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