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6 Pages

Whitecap acquires Canadian light oil properties from Imperial


Whitecap acquires Canadian light oil properties from Imperial

Report summary

Canadian midcap Whitecap Resources will acquire BC / Cardium assets from Imperial Oil for US$627 million. Acquired production of 6,500 boe/d (83% liquids) will increase Whitecap's existing production base by approximately 23%. We value the assets at US$606 million, yielding an implied long-term oil price of US$87/bbl. Though Whitecap will pay close to full value for the assets, successful application of secondary recovery techniques and/or operational efficiency gains could unlock value upside.

What's included?

This report includes 1 file(s)

  • Whitecap acquires Canadian light oil properties from Imperial PDF - 656.52 KB 6 Pages, 8 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • West Pembina
    • Ferrier/Willesden Green - Rocky Mountain House
    • Boundary Lake, Northeast British Columbia
    • Additional transaction with Keyera
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Cardium Pembina West - IP rates by operator
    • Upstream assets: Table 1
    • Upstream assets: Table 2
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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