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St. Mary Acquires Oil And Gas Assets In The Permian Basin For $247.6m: A Move To Expand Its Presence In The Region
GlobalData, Feb 2011, Pages: 6
St. Mary Acquires Oil And Gas Assets In The Permian Basin For $247.6m: A Move To Expand Its Presence In The Region - Deal Analysis From GlobalData
Summary
St. Mary Land & Exploration Company (SM Energy) completed the acquisition of oil and gas assets in West Texas, for $247.6m in cash. The consideration includes completed well costs of $1.6m per well and estimated production expenses of $0.65 per thousand cubic feet equivalent (Mcfe) produced, excluding production taxes and overhead expenses. The consideration for acquisition was funded by the company with bank borrowings under its existing credit facility.
The transaction implies deal values of $92,849.88 per boe of daily production and $19.02 per boe of proved reserves.
Scope
- Rationale behind At. Mary's acquisition of assets in Permian Basin,
- Strategic Benefits for the companies involved,
- Geography covered -US
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
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