Deal insight

Sumitomo acquires a 30% interest in Devon Energy's Cline Shale and Wolfcamp Shale assets

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Report summary

Sumitomo has entered into an agreement with Devon Energy to acquire a 30% working interest in Devon's Wolfcamp and Cline shale acreage in the Permian Basin. The nominal consideration of the deal is US$1.365 billion, making this the largest transaction in the emerging Wolfcamp Shale to date.The Permian has always been a major oil producing Basin in the US, and as such, it has become the focus of operators as they abandon gas plays in a frantic flight to oil. The emerging Wolfcamp and ...

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    Sumitomo acquires a 30% interest in Devon Energy's Cline Shale and Wolfcamp Shale assets

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Table of contents

Tables and charts

This report includes 7 images and tables including:

Images

  • Wolfcamp and Cline shales in West Texas
  • Wood Mackenzie modelling assumptions for Production and 2P Commercial Reserves

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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