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5 Pages

South Korea's SK E&S partners with Continental Resources in the Cana Woodford Shale for US$360 million

South Korea's SK E&S partners with Continental Resources in the Cana Woodford Shale for US$360 million

Report summary

The deal marks the first push into exploration and development for SK E&S, the power and LNG arm of SK Group, and reinforces the expansion of the wider company from a diversified conglomerate to a more energy-focused business. Further, the JV will help LNG-focused SK E&S hedge future gas price volatility. For Continental, the deal turns a non-core asset into a cash-flow positive project, and places a value on a portion of its portfolio that hitherto has received little attention from the market.

What's included?

This report includes 1 file(s)

  • South Korea's SK E&S partners with Continental Resources in the Cana Woodford Shale for US$360 million PDF - 457.08 KB 5 Pages, 2 Tables, 1 Figures


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
  • Upstream assets
  • Deal analysis
  • Strategic rationale
    • Continental Resources
    • SK E&S
  • Oil & gas pricing and assumptions

In this report there are 3 tables or charts, including:

  • Executive summary
  • Upstream assets
    • Northwest Cana Woodford JV position falls outside Continental's core development area
  • Deal analysis
  • 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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