Deal Insight
WPX sells San Juan assets to EnCap-backed Enduring Resources IV for US$700 million
Report summary
On 5 February 2018, WPX Energy announced the divestment of approximately 105,000 net acres of San Juan Gallup acreage to Enduring Resources IV for US$700 million. The position is located in San Juan, Rio Arriba and Sandoval counties in New Mexico with an average oil production of 10.8 mbbl/d in the third quarter of 2017. This is the second largest divestment in the Rockies for WPX Energy. The deal marks the company's complete exit from the San Juan Basin and demonstrates confidence in its tight oil opportunities in the Bakken and Permian. In this Insight, we analyse the position and what the deal means for both companies.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- WPX wells and permits in San Juan Basin
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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