Deal insight

SandRidge sells non-core Permian assets to Sheridan Production Partners II for US$2.6 billion

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Report summary

Sheridan Production Partners II has agreed to purchase Permian region assets from SandRidge Energy for US$2.6 billion in cash. The assets being acquired cover an estimated 209 000 net acres in the Central Basin Platform. Key plays are the San Andres Grayburg and the Clear Fork. These are mature conventional assets. Current production is 24 500 boe/d 67% oil 15% NGLs and 18% natural gas. We value the deal at US$2.7 billion discounted 10% to 1 January 2013. Our modelling implies a ...

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    SandRidge sells non-core Permian assets to Sheridan Production Partners II for US$2.6 billion

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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 7 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

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