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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides & risks
-
Strategic rationale
- QEP
- EnerVest
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- 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
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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