Deal insight

QEP Resources acquires Permian assets from EnerVest for US$950 million

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Report summary

QEP Resources has announced the acquisition of oil producing assets in the Permian for US$950 million from EnerVest. While existing production provides immediate cash flow, the company is banking on the Wolfcamp Shale - an emerging, tight oil play in the Midland Basin - as the driver for growth in its acquired portfolio.We value the assets acquired at US$821 million (NPV10, discounted to December 2013). Even on simple production and reserves metrics, the consideration suggests a premium in ...

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    QEP Resources acquires Permian assets from EnerVest for US$950 million

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides & risks
    • QEP
    • EnerVest
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Base case development plan
  • NPV10 response to increased drilling locations

Tables

  • Executive summary: Table 1
  • Upstream assets: 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

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