Deal Evaluations that Once Took Days Now Take Minutes

Chevron Acquires Anadarko for $50B

BP To Sell SWOOP (Shallow Woodford Oklahoma Oil Play) Assets

Four Sevens, Sinclair and Chugash To Sell Certain Op and Non-Op Undeveloped Acreage in Texas

BP To Sell East Texas Assets With Cotton Valley And Haynesville Undeveloped Potential

Reata Properties To Sell Alpine High Acreage In Southern Delaware Basin

Abraxas To Sell Its Bakken Assets In North Dakota

Elliott Management Offers To Acquire QEP Resources For $2.55B

Cimarex Buys Out Resolute For ~$1.62b To Acquire Southern Delaware Assets

Diamondback Acquires Midland Assets From Ajax For $1.25B

Latest Deals

Chevron Acquires Anadarko for $50B
  • This corporate acquisition is the sixth largest Oil & Gas deal by enterprise value so far
  • Anadarko operates primarily in the US onshore and US GoM (together United States) as well as in Mozambique, Algeria, Ghana, Canada, Colombia, Peru and South Africa (International)
  • The acquisition boosts Chevron’s 4Q18 production by 22% (701,000 boe/d) to pro-forma 3.78 MMboe/d, close to that of rival international supermajors ExxonMobil (4.01 MMboe/d) and Shell (3.79 MMboe/d) and well above BP (2.63 MMboe/d)
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BP To Sell SWOOP (Shallow Woodford Oklahoma Ol Play) Assets

  • Covers ~33,000 net acres in McClain and Cleveland counties in Oklahoma
  • Targets Woodford with upside from Hunton and other formations
  • Current production: 4.2 MBOE/d (81% oil, 11% NGL, 8% gas)

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Four Sevens, Sinclair and Chugash To Sell Certain Op and Non-Op Undeveloped Acreage in Texas

  • Covers 4,963 net acres in Howard county in Texas with all leases in primary term
  • Primarily targets Wolfcamp A, Lower Spraberry and Wolfcamp B formations
  • Offset operators include SM Energy, Callon Petroleum, Oxy and CrownQuest

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BP To Sell East Texas Assets With Cotton Valley And Haynesville Undeveloped Potential

  • BP East Texas assets are part of its US Onshore Divestiture Program, to help partially fund its $10.5 billion BHP acquisition
  • Covers 51,475 net HBP acres (~86% WI) primarily in Harrison, Rusk, and Upshur counties, Texas
  • 2018 Production: 5.92 MBOE/d (77% gas, 23% liquids)

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Reata Properties To Sell Alpine High Acreage In Southern Delaware Basin

  • Covers ~65,000 net contiguous acres (100% WI, 75% NRI) primarily located in Pecos Co., Texas
  • 175 square miles of 3D seismic data processed in 2018
  • Targets Woodford and Wolfcamp formations with additional potential from Bone Spring, Atoka and Barnett formations

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Abraxas to sell its Bakken assets in North Dakota

  • Abraxas has retained Patrie Partners to assist in a strategic alternative process for its Bakken assets
  • Net Production: 8 MBOE/d
  • Covers ~4,000 net acres in McKenzie county in North Darkota

SEE DEAL

Elliott Management Offers To Acquire QEP Resources For $2.55B

  • Covers 50,700 net acres in Martin, Andrew and Crockett counties in Midland basin
  • Production Q3-2018: ~52 MBOE/d (74% oil, 15% NGLs, 11% gas)
  • During 2018, QEP transitioned into a Pure Permian company by announcing divestitures of its Williston, Uinta and Haynesville assets

SEE DEAL

Cimarex Buys Out Resolute For ~$1.62b To Acquire Southern Delaware Assets

  • Cimarex is the most active operator in the region with 4 active rigs and over 25 active permits in Reeves and Culberson
  • The acquisition adds 21,100 net acres
  • Cimarex buys out Resolute’s Wolfcamp acreage in Reeves County for $1.616 billion at $24,352/Acre

SEE DEAL

Diamondback Acquires Midland Basin Assets From Ajax For $1.25B

  • The acquisition increases Diamondback's core Midland acreage to 109,000 net acres and doubles its net locations to 680
  • The net current production from the assets is ~12.1 MBOE/d (88% oil)
  • Ajax acquired this acreage for $376 million in August 2015 and flipped it to Diamondback for over 3X within three years

SEE DEAL

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