Name: Ultra Petroleum captures Uinta Basin assets for US$650 million
Brand: Wood Mackenzie
SKU: 2031
Price: 1650 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Deal Insight 01 October 2013

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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 ...

Executive summary
Transaction details
Upstream assets
Deal analysis
- Modelling Assumptions
Upsides & risks
- 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 the following images and tables:

Executive summary: Table 1Uinta Basin Oil wells drilled since 01 January 2012Upstream assets: Table 1

Top L48 oil-weighted transactions in the last three yearsOil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3