Deal Insight
SRC Energy acquires DJ Basin assets from Noble for US$608 million
This report is currently unavailable
*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:
- 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:
Other reports you may be interested in
Asset Report
DJ Niobrara Key Play
Detailed play intelligence including analysis on activity, costs, subsurface and operator performance.
$22,800
Insight
Europe upstream week in brief: Apache starts Callater production, but Statoil's Gemini Nord falls short
This is our latest week in brief where we give you quick, responsive opinion and analysis on all that's going on in European oil and gas.
$1,350
Insight
Corporate week in brief: China's CEFC buys US$9 billion stake in Rosneft
We look at one of the largest overseas oil and gas acquisitions by a private Chinese company and Statoil's latest business development.
$700
