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QEP Resources acquires Permian assets for US$600 million

QEP Resources acquires Permian assets for US$600 million

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?

This report includes 1 file(s)

  • QEP Resources acquires Permian assets for US$600 million PDF - 370.31 KB 5 Pages, 6 Tables, 1 Figures


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
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Deal analysis
    • QEP's Midland Basin position offsets Pioneer's encouraging well results
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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