Deal Insight
Shell exits Eagle Ford position with US$639 million sale to Sanchez Energy
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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.
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 11 images and tables including:
- Executive summary: Table 1
- Eagle Ford sub-play areas with Catarina highlighted
- Maverick Condensate sub-play wellhead IP rates by operator
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Strategic rationale: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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