Deal Insight
Sinopec acquires a 50% stake in Chesapeake's Mississippi Lime assets for US$1 bn
This report is currently unavailable
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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Modelling assumptions
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Sinopec
- Chesapeake
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- 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
What's included
This report contains:
Other reports you may be interested in
Asset Report
Snow Lake gold (closed) mine
A detailed analysis of the Snow Lake gold (closed) mine.
$2,250
Asset Report
Rawhide (Closed) gold mine
A detailed analysis of the Rawhide (Closed) gold mine.
$2,250
Asset Report
Mouska (to 1997) (Closed) gold mine
A detailed analysis of the Mouska (to 1997) (Closed) gold mine.
$2,250
