Deal Insight

Sinopec acquires a 50% stake in Chesapeake's Mississippi Lime assets for US$1 bn

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Report summary

This is a good deal for Sinopec. The company gains a 50% share in 34 mboe/d of production at a cost US$60,000 'per flowing barrel' (below market average), plus 425,000 net acres of undeveloped land at effectively zero cost. Sinopec is already familiar with the play through its JV with Devon, and may now be in a position to transfer knowledge between its two operating partners. Furthermore, this is a 100% cash deal, and features no cost-carry period.We value the deal at US$1.35 ...

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    Sinopec acquires a 50% stake in Chesapeake's Mississippi Lime assets for US$1 bn

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Tables and charts

This report includes 7 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3

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