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8 Pages

Shell raises US$2.1 billion through the divestment of assets in the Haynesville (Blackstone) and Pinedale (Ultra Petroleum)


Shell raises US$2.1 billion through the divestment of assets in the Haynesville (Blackstone) and Pinedale (Ultra Petroleum)

Report summary

In two separate deals, Shell will raise a combined US$2.1 billion in cash through the divestment of two US Lower 48 gas assets. The Major has agreed to sell its entire 107,000 net acre position in the Caspiana Core, Spider and Woodardville sub-plays in the Haynesville to Vine Oil & Gas and its partner Blackstone Energy Partners for US$1.2 billion. It will also swap its Pinedale assets to Ultra Petroleum for US$925 in cash plus 155,000 net acres in the Marcellus.

What's included?

This report includes 1 file(s)

  • Shell raises US$2.1 billion through the divestment of assets in the Haynesville (Blackstone) and Pinedale (Ultra Petroleum) PDF - 5.57 MB 8 Pages, 6 Tables, 1 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
    • Shell sells Haynesville assets to Vine and Blackstone
    • Shell trades Pinedale assets to Ultra, in return for cash and Marcellus assets
  • Upstream assets
    • Haynesville assets
    • Pinedale assets
    • Marcellus assets
  • Deal analysis
    • Haynesville deal analysis and modelling assumptions
    • Pinedale deal analysis and modelling assumptions
    • Marcellus deal analysis and modelling assumptions
  • Strategic rationale
    • Shell
    • Vine/Blackstone
    • Ultra
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • Shell is divesting its position in the Haynesville and swapping its position in the Pinedale for additional acreage in the Marcellus
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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