Deal Insight
Shell divests Alberta Duvernay to Crescent Point for US$707 million
Report summary
Canadian deal activity is off to the races in 2021, accounting for over half of deal spend globally. Shell adds to the total with its exit from the Alberta Duvernay, a liquids-rich shale play. As Shell marches towards a more stream-lined upstream portfolio, non-core assets like these will be sold. Shell will receive US$707 million, consisting of US$550 million cash and 50 million shares of the acquirer, Crescent Point.This is not an example of a fringe position being sold by a company who ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Downsides
-
Strategic rationale
- Shell
- Crescent Point
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Map of Kaybob Duvernay lease positions and Shell's wells
- Upstream assets: Table 1
- PDP and PUD asset valuation at 10%, 15% and 20% discount rates
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Type well sensitivities
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Crescent Point Saskatchewan
In September 2003, the amalgamation of two junior oil and gas companies, Crescent Energy and Tappit Resources led to the creation of ...
$3,100
Asset Report
Balmat (Closed) zinc mine
A detailed analysis of the Balmat zinc mine.
$2,250
Asset Report
Ajo copper mine project
A detailed analysis of the Ajo copper mine project.
$2,250
