-
Electronic (PDF)
-
Site License
-
Enterprisewide
EPL Oil & Gas to Acquire Oil and Gas Assets in the Gulf Of Mexico From Hilcorp Energy for $550m - The Acquisition by EPL will Boost its Oil and Gas Production in 2012 by 78.7%
GlobalData, September 2012, Pages: 7
EPL Oil & Gas to Acquire Oil and Gas Assets in the Gulf Of Mexico From Hilcorp Energy for $550m - The Acquisition by EPL will Boost its Oil and Gas Production in 2012 by 78.7% - Deal Analysis from GlobalData
Summary
EPL Oil & Gas, Inc. (EPL) agreed to acquire interest in certain shallow water oil and gas assets in the Gulf of Mexico (GOM) from Hilcorp Energy GOM Holdings, LLC (Hilcorp), for a purchase consideration of $550m. The transaction has an effective date of July 1, 2012.
Under the terms of the transaction, EPL has submitted a 10% cash deposit to Hilcorp. EPL will fund the remaining acquisition cost through its existing cash reserves, along with a senior secured credit financing from the Bank of Montreal. The acquisition will enable EPL to increase its shallow water assets in the Gulf of Mexico and complement its strategy to expand in the Central Gulf. The transaction implies deal values of $55,000 per barrel of oil equivalent (boe) of daily production, and $15.15 per boe of 1P reserves. The acquisition is expected to be completed on or before October 31, 2012, subject to customary closing conditions and adjustments.
Scope
- Rationale behind EPL acquiring stake in shallow water oil and gas assets in the Gulf of Mexico.
- Rationale behind Hilcorp divesting its stake in the fields.
- Geography Covered- US (Gulf of Mexico).
Reasons to buy
- Develop a sound understanding of EPL's acquisition plan in Gulf of Mexico.
- To understand Hilcorp's divestment plan of assets in Gulf of Mexico and focusing on oil and gas assets in Alaska.
- To know about the prolific assets in the Central Gulf which is concidered to be the most prolific oil bearing region of the Gulf of Mexico.
1
1
1.1 List of Tables
1.2 List of Figures
2 EPL Oil & Gas to Acquire Oil and Gas Assets in the Gulf of Mexico From Hilcorp Energy for $550m
2.1 Deal Overview
2.2 Deal in Brief
2.3 The Current Acquisition Will Boost EPL’s Oil and Gas Production by 78.7% in 2012
2.4 The Acquired Assets are Located in the Central Gulf, the Most Prolific Oil-Bearing Region of the GOM
2.5 Hilcorp Plans to Restructure its Portfolio by Focusing on Oil and Gas Assets in Alaska
2.6 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: Oil and Gas Industry, EPL, Major Acquisitions in the GOM, 2011 to Present
Table 2: Oil and Gas Industry, EPL, Summary of the Three Fields Acquired in the GOM Shelf, 2012
Table 3: Oil and Gas Industry, Hilcorp, Global, Major Divestments, 2011 to Present
Table 4: Companies Involved
Table 5: Financials of the Deal
Table 6: Target Information
Table 7: Target’s Production and Reserves Information
Table 8: Company Valuation Multiples
Table 9: Commodity Prices in $, Last Close
Table 10: Acquirer Information
Table 11: Vendor Information
1.2 List of Figures
Figure 1: Oil and Natural Gas Industry, EPL, Rise in Oil and Gas Production After the Acquisition of GOM Shelf Assets, Mboepd, 2012
Figure 2: Oil and Natural Gas Industry, EPL, Oil Production Growth, bopd, 2009–2012E
Figure 3: EPL, Distribution of Assets by Areas, %, 2011
Figure 4: Oil and Natural Gas Industry, EPL, Map to Show the Location of Acquired GOM Shelf Assets, 2012
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
