|
|
 |
|
Viewing report
|
|
|
|
Hess To Acquire 167,000 Net Acres In Bakken Oil Shale Play From TRZ Energy: Hess Is Strengthening Its Geographical Presence In The Play - Deal Analysis From GlobalData
GlobalData, Nov 2010, Pages: 9
Hess To Acquire 167,000 Net Acres In Bakken Oil Shale Play From TRZ Energy: Hess Is Strengthening Its Geographical Presence In The Play - Deal Analysis From GlobalData
Summary
Hess Corporation (Hess) agreed to acquire 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC (TRZ Energy) for a purchase consideration of $1,050m in cash. The transaction has an effective date of October 1, 2010 and is expected to close by December 28, 2010. The transaction implies deal values of $238,636.36 per boe of daily production (boe/d) and $6,287.43 per acre of land.
Scope
- Rationale behind Hess acquiring Bakken oil shale play properties from TRZ, Strategic Benefits for the companies involved
- Geography covered - US, Deal Financials and Valuations
- Information on Hess, TRZ
Reasons to buy
- Develop a sound understanding 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 the US oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
|
|
|
|
