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9 Pages

Shell exits Eagle Ford position with US$639 million sale to Sanchez Energy


Shell exits Eagle Ford position with US$639 million sale to Sanchez Energy

Report summary

This deal doubles Sanchez's proved reserves and nearly doubles its net leasehold position and production in the play. Our US$904 million valuation suggests Sanchez has acquired this asset at an attractive price. In a relatively short time, Sanchez has proven itself an efficient acquirer of non-core assets at enviable prices. For Shell, the sale of the Eagle Ford asset closes a chapter in the play and is a further step in Shell's ongoing restructuring of its Upstream Americas resource plays.

What's included?

This report includes 1 file(s)

  • Shell exits Eagle Ford position with US$639 million sale to Sanchez Energy PDF - 426.93 KB 9 Pages, 9 Tables, 2 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 11 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Eagle Ford sub-play areas with Catarina highlighted
    • Maverick Condensate sub-play wellhead IP rates by operator
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Upsides and risks
  • Strategic rationale
    • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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