Deal Insight

SandRidge makes Gulf of Mexico splash with Dynamic Offshore acquisition

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Report summary

SandRidge has announced the acquisition of Dynamic Offshore Resources for US$1.275 billion in cash and stock. Close on the heels of recent initiatives in the onshore Mississippian play - the farm-out of acreage to Repsol YPF and filing of a second Mississippian Trust (SDT) - SandRidge's move in the Gulf of Mexico was unexpected. The company plans to direct the cash generated by its newly acquired interests to fund the development of its Mississippian portfolio.Dynamic's assets ...

What's included

This report contains

  • Document

    SandRidge makes Gulf of Mexico splash with Dynamic Offshore acquisition

    PDF 578.60 KB

Table of contents

  • Executive summary
  • Transaction details
    • Gulf of Mexico Shelf assets
    • Bullwinkle platform (Deepwater: Green Canyon block 65)
  • Deal analysis
    • Production and volume mix
    • Lack of offshore specialisation
    • Geographic risks specific to the Gulf of Mexico
    • Alignment of strategic vision
    • SandRidge
    • Dynamic Offshore Resources
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

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
  • Upstream assets: Table 2

Images

  • Dynamic GoM Shelf Asset Locations
  • Wood Mackenzie production forecast and development capital assumptions (net basis)

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