Deal insight

Total to acquire a 25% stake in Chesapeake’s Barnett Shale portfolio for US$2.25 billion

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

Total and Chesapeake have reached agreement to form a JV that will see Total acquire 25% of Chesapeake's interests in the Fort Worth Barnett Shale. The total consideration is US$2.25 billion comprising US$800 million in cash at closing and US$1.45 billion in future drilling and completion cost carries. Under our base case assumptions Wood Mackenzie values the acquired portfolio at US$1.8 billion (NPV10). Against the US$2.25 billion consideration this equates to an implied ...

What's included

This report contains

  • Document

    Total to acquire a 25% stake in Chesapeake’s Barnett Shale portfolio for US$2.25 billion

    PDF 1.23 MB

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 9 images and tables including:

Images

  • Chesapeake country interests, Fort Worth Basin, Texas
  • Wood Mackenzie modelling forecasts and assumptions for Chesapeake Barnett Shale portfolio (net 25%)

Tables

  • Executive summary: Table 1
  • 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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898