|
|
 |
|
Viewing report
|
|
|
|
BHP Billiton Acquires Fayetteville Shale Assets From Chesapeake Energy - BHP Billiton Marks Its Entry Into The US Shale Gas Business
GlobalData, April 2011, Pages: 7
BHP Billiton Acquires Fayetteville Shale Assets From Chesapeake Energy - BHP Billiton Marks Its Entry Into The US Shale Gas Business - Deal Analysis from GlobalData
Summary
BHP Billiton Limited, through its wholly-owned subsidiary BHP Billiton Petroleum, completed the acquisition of all of the interest in 487,000 net acres of leasehold and producing natural gas properties, located in the Fayetteville Shale play, central Arkansas, from Chesapeake Energy Corporation for a purchase consideration of $4.75 billion. Out of the total consideration, the company has paid $500m for the midstream assets. The deal was announced in February 2011. Jefferies & Company, Inc. acted as financial advisor and Wachtell, Lipton, Rosen & Katz and Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisors to Chesapeake Energy with respect to the transaction. Barclays Capital, Inc. and Scotia Waterous acted as financial advisors, and Morgan, Lewis & Bockius LLP acted as legal advisor to BHP Billiton for the transaction. The transaction implies deal values of $61,445.78 per boe of daily production, $10.63 per boe of proved reserves and $8,726.9 per acre of land.
Scope
- Rationale behind BHP Billiton acquiring assets in Fayetteville play,
- 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 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.
|
|
|
|
