Deal Insight
SRC Energy acquires DJ Basin assets from Noble for US$608 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 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 the following images and tables:
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Executive summary: Table 1SRC Energy acreage in DJ BasinUpstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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