Deal Insight

SRC Energy acquires DJ Basin assets from Noble for US$608 million

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13 November 2017

SRC Energy acquires DJ Basin assets from Noble for US$608 million

Report summary

On November 8, 2017 Noble Energy announced the divestment of approximately 30,200 net acres of non-core DJ Basin acreage to SRC Energy for US$608 million. The majority of position consists of undeveloped land and non-operated production located in the Greeley Crescent area. This is the second time in recent years that SRC (Formerly Synergy Resources) has acquired DJ acreage from Noble. SRC has identified over 600 gross locations that are suitable for supporting mid (<7,500') to long (><10,000') range laterals. in this insight, we analyse the position and what the deal means for both companies.>

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 8 images and tables including:

  • Executive summary: Table 1
  • SRC Energy acreage in DJ Basin
  • 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:

  • Document

    SRC Energy acquires DJ Basin assets from Noble for US$608 million

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