Shell to Acquire 618,000 Net Acres in Southern Delaware Basin from Chesapeake Energy for $1.94 Billion: Shell Acquires Liquids-rich Assets in Accordance with its Business Strategy
GlobalData, September 2012, Pages: 8
Shell to Acquire 618,000 Net Acres in Southern Delaware Basin from Chesapeake Energy for $1.94 Billion: Shell Acquires Liquids-rich Assets in Accordance with its Business Strategy - Deal Analysis from GlobalData
Summary
Royal Dutch Shell (Shell), through its subsidiary Swepi, agreed to acquire 618,000 net acres in the southern Delaware Basin portion of the Permian Basin in west Texas, US, from Chesapeake Energy Corporation (Chesapeake) for a purchase consideration of $1.94 billion. Chesapeake intends to use the proceeds of the sale to repay its $4-billion term loans during Q4 2012. Jefferies & Company and Goldman, Sachs & Co. are acting as financial advisors to Chesapeake for the transaction.
Scope
- Rationale behind Shell acquiring stake in liquids rich assets.
- Rationale behind Chesapeake divesting stake in the assets.
- Geography Covered- US.
Reasons to buy
- Develop a sound understanding of Shell's Upstream business strategy and plan for acquiring liquids rich assets.
- To know about Shell's natural gas projects in North America, involving GTL and LNG projects.
- To understand Chesapeake's plan of divestment of its assets worth $13-14 billion in 2012.
1
1
1.1 List of Tables
1.2 List of Figures
2 Shell to Acquire 618,000 Net Acres in Southern Delaware Basin from Chesapeake Energy for $1.94 Billion
2.1 Deal Overview
2.2 Deal in Brief
2.3 Shell Acquires Liquids-rich Assets in Accordance with its Business Strategy
2.4 Chesapeake Aims to Divest Assets Worth $13-14 Billion by the End of 2012
2.5 Deal Financials and Valuations
3 Appendix
3.1 Sources
3.2 Methodology
3.3 Contact Us
3.4 Disclaimer
1.1 List of Tables
Table 1: Shell, Major Acquisitions in North America, 2011 to Present
Table 2: Chesapeake, Major Divestments, January 2012 to Present
Table 3: Companies Involved
Table 4: Deal Financials
Table 5: Advisor Information
Table 6: Target Information
Table 7: Target’s Production and Reserves Information
Table 8: Company Valuation Multiples
Table 9: Commodity Prices ($),Last Close
Table 10: Acquirer Information
Table 11: Vendor Information
1.2 List of Figures
Figure 1: Shell, Upstream Business Strategy, 2012
Figure 2: Shell, Integrated Gas Potential, 2012
Figure 3: Shell, Location of Acquired Assets in the Permian Basin, 2012
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