Deal insight
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6 Pages

WPX sells Piceance Basin assets to private equity-backed Terra Energy for US$910m

WPX sells Piceance Basin assets to private equity-backed Terra Energy for US$910m

Report summary

The included assets are located entirely within the Piceance Basin, where the company has approximately 500 mmcfd of flowing production on 200,000 net acres. More than 90% of the acquired acreage is held by production with average working interest at 84%. The majority of flowing production comes from both the Valley and the Highlands of the Mesaverde formation, but the acreage is also prospective for the Niobrara.

What's included?

This report includes 1 file(s)

  • WPX sells Piceance Basin assets to private equity-backed Terra Energy for US$910m PDF - 1.07 MB 6 Pages, 7 Tables, 1 Figures


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
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Piceance Basin wells - Top operators
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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