|
|
 |
|
Viewing report
|
|
|
|
GAIL Acquires 20% Interest in 20,200 Net Acres in Eagle Ford Shale from Carrizo Oil & Gas for $95m: GAIL Marks its Entry to the US Shale Market
GlobalData, Nov 2011, Pages: 8
GAIL Acquires 20% Interest in 20,200 Net Acres in Eagle Ford Shale from Carrizo Oil & Gas for $95m: GAIL Marks its Entry to the US Shale Market - Deal Analysis From GlobalData
Summary
GAIL (India) Limited, (GAIL) through its wholly owned subsidiary GAIL Global (USA) Inc., completed the acquisition of 20% interest in approximately 20,200 net mineral acres in Eagle Ford shale in La Salle County, Texas, USA, from Carrizo Oil & Gas, Inc., (Carrizo) for a purchase consideration of $95m. As part of the consideration, GAIL paid $63.7m in cash and assumed an additional $31.3m of Carrizo's future drilling and development costs.
Jefferies & Company, Inc. acted as financial advisor and Thompson & Knight LLP acted as legal advisor, while Ernst & Young and RPS acted as tax & accounting and technical due diligence consultants to GAIL in the transaction.
The transaction implies deal values of $203,571.43 per barrels of oil equivalent (boe) of daily production, $34.42 per boe of proven reserves and $23,514.85 per net acre of land.
Scope
- Rationale behind GAIL acquiring assets from Carrizo,
- Strategic benefits for the companies involved,
- Geography covered -The 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's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
Keywords
GAIL, Carrizo, Eagle Ford Shale
|
|
|
|
