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Mergers & Acquisitions Deal Analysis - Royal Dutch Shell to Acquire East Resources
GlobalData, June 2010, Pages: 15
Mergers & Acquisitions Deal Analysis - Royal Dutch Shell to Acquire East Resources
Summary
Royal Dutch Shell plc (Shell) agreed to acquire subsidiaries which own substantially all of the business of East Resources, Inc. (East Resources) from Kohlberg Kravis Roberts & Co., a private equity investor and its advisors Jefferies & Company, for a cash consideration of $4,700 million.
East Resources is a privately-owned business with its primary activity focused on the Marcellus shale, in the Northeastern US. East Resources has some 650,000 net acres (2,600 square kilometers) of highly contiguous, operated acreage in the Marcellus, and 1.05 million net acres (4,250 square kilometers) of acreage overall. East Resources has some 60 mmscfe/d (10,000 barrels oil equivalent per day) of production, predominantly in natural gas, with substantial medium-term growth potential.
With this acquisition Shell is enhancing its worldwide upstream portfolio for profitable growth, through exploration and focused acquisitions. This acquisition is a part of Shell’s on-going strategy with an objective to grow and to upgrade the quality of Shell’s North America tight gas portfolio.
The acquisition will enable Shell to mark its presence in the Marcellus Shale tight gas play. The transaction implies deal value of $470,000 boe per day.
Scope
- Rationale behind Royal Dutch Shell's acquisition of East Resources Marcellus and Eagle Ford Shale Assets
- Strategic Benefits for East Resources
- Geography covered - US
- Deal Financials and Valuations
- Information on Royal Dutch Shell, East Resources
Reasons to buy
- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in US oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
- Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
- Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry
- Understand the various means of raising funds from the market.
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