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
  • Strategic rationale
  • 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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