Deal Insight
South Korea's SK E&S partners with Continental Resources in the Cana Woodford Shale for US$360 million
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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.
Table of contents
- Executive summary
- Upstream assets
- Deal analysis
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Strategic rationale
- Continental Resources
- SK E&S
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Northwest Cana Woodford JV position falls outside Continental's core development area
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
