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Ultra Petroleum captures Uinta Basin assets for US$650 million

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01 October 2013

Ultra Petroleum captures Uinta Basin assets for US$650 million

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
    • Modelling Assumptions
    • Upsides
      • Lower and Upper Green River formations
      • Cost and Drilling Efficiencies
      • Well Management
    • Risks
      • Well Performance
      • Uinta crude pricing
  • 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:

  • Document

    Ultra Petroleum captures Uinta Basin assets for US$650 million

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