Deal Insight
Ultra Petroleum captures Uinta Basin assets for US$650 million
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Report summary
Ultra Petroleum has announced the purchase of producing assets in the Three Rivers field (Uinta Basin, Utah) for US$650 million. The undisclosed seller is believed to be private operator Axia Energy. The acreage is situated between several of the basin's most prolific fields including Altamont-Bluebell, Monument Butte, and Natural Buttes. The assets hold 10 mmboe of proved reserves with current production of 4,000 boe/d from 38 producing wells. The deal represents a pivotal move for the ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Modelling Assumptions
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Upsides & risks
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Upsides
- Lower and Upper Green River formations
- Cost and Drilling Efficiencies
- Well Management
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Risks
- Well Performance
- Uinta crude pricing
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Upsides
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- Uinta Basin Oil wells drilled since 01 January 2012
- Upstream assets: Table 1
- Top L48 oil-weighted transactions in the last three years
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
What's included
This report contains:
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