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Magnum Hunter Resources To Acquire NuLoch Resources: Magnum Hunter's Move To Expand Its Business - Deal Analysis From GlobalData
GlobalData, Jan 2011, Pages: 7
Magnum Hunter Resources To Acquire NuLoch Resources: Magnum Hunter’s Move To Expand Its Business - Deal Analysis From GlobalData
Summary
Magnum Hunter Resources Corporation (Magnum Hunter) entered into a definitive agreement to acquire NuLoch Resources Inc. (NuLoch) for a purchase consideration of approximately $327m. The transaction is subject to regulatory, stock exchange, court and shareholder approvals of NuLoch and Magnum Hunter and is expected to close on or before April 30, 2011. The transaction implies deal values of $210,854.38 per boe of daily production, $55.38 per boe of 1P reserves and $35.54 per boe of 2P reserves.
Scope
- Rationale behind Magnum Hunter acquiring NuLoch,
- Strategic Benefits for the companies involved,
- Geography covered -Canada
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 Canada's oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
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