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Whitecap Resources acquires Viking light oil producer Beaumont Energy


Whitecap Resources acquires Viking light oil producer Beaumont Energy

Report summary

On 18 March 2015, Whitecap Resources Inc. announced it will acquire Beaumont Energy Inc. for Cdn$587.5 million (US$460 million). The acquisition adds to Whitecap's sizable core position in the Viking (Kerrobert) area of west central Saskatchewan and falls in line with it's strategy of acquiring high netback, low decline sustainable assets with development upside. For Beaumont, the sale caps two years of strong growth which has seen production go from 700 boe/d to 5,100 boe/d.

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  • Whitecap Resources acquires Viking light oil producer Beaumont Energy PDF - 297.85 KB 5 Pages, 7 Tables, 0 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
  • Deal analysis
  • Strategic rationale
    • Adding to Whitecap's Viking holdings
    • Exit for an impressive growth story
    • Canadian M&A remains resilient
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Strategic rationale
    • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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