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7 Pages

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

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

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 ...

What's included?

This report includes 1 file(s)

  • QEP Resources acquires Permian assets from EnerVest for US$950 million PDF - 556.30 KB 7 Pages, 8 Tables, 2 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
  • Upstream assets
  • Deal analysis
  • Upsides & risks
  • Strategic rationale
    • QEP
    • EnerVest
  • Oil & gas pricing and assumptions

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

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Base case development plan
    • NPV10 response to increased drilling locations
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Upsides & risks
  • 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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