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Talisman Energy And Statoil To Acquire 97,000 Net Acres In Eagle Ford Shale Play: Talisman Energy And Statoil will Jointly Develop the Eagle Ford Shale - Deal Analysis From GlobalData
Description:
Talisman Energy And Statoil To Acquire 97,000 Net Acres In Eagle Ford Shale Play: Talisman Energy And Statoil will Jointly Develop the Eagle Ford Shale - Deal Analysis From GlobalData
Summary
Talisman Energy Inc (Talisman Energy)., and Statoil ASA (Statoil), entered into an agreement to acquire 97,000 net acres of high quality, liquids-rich Eagle Ford shale properties from Enduring Resources, for a purchase consideration of $1,325m. Under the terms of agreement, both Talisman and Statoil have formed a 50/50 joint venture for the purpose of developing assets in the Eagle Ford shale. As a part of the transaction, Statoil and Talisman will each acquire 48,500 acres. In addition, the companies have an option to jointly acquire up to an additional 22,000 net acres. The net cost to Talisman of this new acreage will be approximately $485m, after Statoil purchases a 50% working interest in Talisman's existing 37,000 net acres in the Eagle Ford. Upon completion of these transactions, Talisman will hold approximately 70,000 net acres, predominantly in the liquids-rich heart of the play. Barclays Capital is acting as financial advisor to Talisman Energy, while Morgan Stanley & Co. Incorporated is acting as financial advisor to Statoil with respect to the transaction. The effective date of the transaction is August 1, 2010. The transaction is expected to close by the end of this year. The transaction implies deal value of $10,900 per acre of land.
Scope
- The acquisition will enable Talisman Energy and Statoil to further strengthen their position in the Eagle Ford shale area
Reasons to buy
- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in Asian Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indian oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
Summary
Talisman Energy Inc (Talisman Energy)., and Statoil ASA (Statoil), entered into an agreement to acquire 97,000 net acres of high quality, liquids-rich Eagle Ford shale properties from Enduring Resources, for a purchase consideration of $1,325m. Under the terms of agreement, both Talisman and Statoil have formed a 50/50 joint venture for the purpose of developing assets in the Eagle Ford shale. As a part of the transaction, Statoil and Talisman will each acquire 48,500 acres. In addition, the companies have an option to jointly acquire up to an additional 22,000 net acres. The net cost to Talisman of this new acreage will be approximately $485m, after Statoil purchases a 50% working interest in Talisman's existing 37,000 net acres in the Eagle Ford. Upon completion of these transactions, Talisman will hold approximately 70,000 net acres, predominantly in the liquids-rich heart of the play. Barclays Capital is acting as financial advisor to Talisman Energy, while Morgan Stanley & Co. Incorporated is acting as financial advisor to Statoil with respect to the transaction. The effective date of the transaction is August 1, 2010. The transaction is expected to close by the end of this year. The transaction implies deal value of $10,900 per acre of land.
Scope
- The acquisition will enable Talisman Energy and Statoil to further strengthen their position in the Eagle Ford shale area
Reasons to buy
- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in Asian Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indian oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
Contents:
1
1
1.1 List of Tables
1.2 List of Figures
2 Talisman Energy And Statoil To Acquire 97,000 Net Acres In Eagle Ford Shale Play
2.1 Deal Overview
2.2 Deal in Brief
2.3 Talisman Energy Intends to Maintain Diversified Portfolio Comprising Oil, Gas and Oil Linked Gas
2.4 Statoil is Enhancing its Capabitlity to Develop as an Operator in the US
2.5 Talisman Energy and Statoil will make 50/50 Joint Venture to Develop Eagle Ford
2.6 Talisman Energy’s Strategy Focuses More on Shale Gas and Liquids
2.7 Statoil Plans to Consolidate its Position in the US and Diversify its US Onshore Portfolio
2.8 Talisman Energy is Expanding its Business Through Inorganic Growth
2.9 Eagle Ford Assets have been Sold at Premium to Statoil and Talisman Energy
2.10 Deal Financials and Valuations
3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
1
1.1 List of Tables
1.2 List of Figures
2 Talisman Energy And Statoil To Acquire 97,000 Net Acres In Eagle Ford Shale Play
2.1 Deal Overview
2.2 Deal in Brief
2.3 Talisman Energy Intends to Maintain Diversified Portfolio Comprising Oil, Gas and Oil Linked Gas
2.4 Statoil is Enhancing its Capabitlity to Develop as an Operator in the US
2.5 Talisman Energy and Statoil will make 50/50 Joint Venture to Develop Eagle Ford
2.6 Talisman Energy’s Strategy Focuses More on Shale Gas and Liquids
2.7 Statoil Plans to Consolidate its Position in the US and Diversify its US Onshore Portfolio
2.8 Talisman Energy is Expanding its Business Through Inorganic Growth
2.9 Eagle Ford Assets have been Sold at Premium to Statoil and Talisman Energy
2.10 Deal Financials and Valuations
3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
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