Deal Insight
Ultra Petroleum captures Uinta Basin assets for US$650 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
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
-
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 the following images and tables:
- 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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