Deal Insight
QEP sells its Pinedale tight gas position to private equity for US$740 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 24 July 2017, QEP announced its divestiture of approximately 16,500 net acres in the Pinedale Anticline Field to Pinedale Energy Partners, an affiliate of Oak Ridge Natural Resources, for US$740 million. The divested assets include approximately 234 mmcfed (12% liquids) of flowing production from 1,100 wells producing from the Cretaceous Lance and Mesaverde formations. Unlike other shale plays where operators need to drill horizontally to target hydrocarbons, the Pinedale field benefits ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
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Strategic rationale
- QEP Resources
- Pinedale Energy Partners (Oak Ridge Natural Resources affiliate)
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Pinedale Anticline wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
