Deal Insight
SM Energy sells Powder River Basin assets for US$500 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 9 January 2018, SM Energy announced the sale of approximately 112,200 mainly contiguous net acres across northwest Converse County, Wyoming for US$500 million to Northwoods Energy, a portfolio company of Apollo Global Management. This package included approximately 2.2 mboe/d (51% oil) of production and represents roughly 80% of SM Energy's Powder River Basin acreage position, as the company continues to shift its focus entirely to its Permian and Eagle Ford positions.
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 the following images and tables:
- Executive summary: Table 1
- SM Energy's PRB acreage and offset wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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