Deal insight

SandRidge Energy expands in DJ Basin with US$746 million takeover of Bonanza Creek

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Report summary

On 11 November 2017, SandRidge Energy announced that it will acquire Bonanza Creek. SandRidge will acquire 67,000 net acres in the DJ Basin and 11,500 net acres in the Cotton Valley play for a total of US$746 million. Assets include 650 gross wells in the Weld County, DJ Basin that are currently producing 12.5 mboe/d (51% oil) from the Niobrara and Codell. The Cotton Valley acreage in Arkansas currently produces 3.3 mboe/d (55% oil). This report covers our valuation of the deal and analysis of strategic rationale for each company.

What's included

This report contains

  • Document

    SandRidge Energy expands in DJ Basin with US$746 million takeover of Bonanza Creek

    PDF 537.30 KB

Table of contents

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

Tables and charts

This report includes 8 images and tables including:

Images

  • Bonanza Creek's acreage in the DJ Basin

Tables

  • Executive summary: Table 1
  • 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

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