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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 - Deal Analysis From GlobalData |
| Product ID : VSS-574-12397 |
| Published Date : Feb 2011 |
| Pages : 6 |
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Overview:
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
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Rationale behind At. Mary's acquisition of assets in Permian Basin,
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Strategic Benefits for the companies involved,
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Geography covered -US
Reasons to buy
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Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North AmericanOil & Gas industry
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Identify the most lucrative segments to leverage on the growth oppurtunities available in the US' oil & gas market
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Get a detailed analysis of a deal to enable you to take better decisions
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Table Of Contents :
- 1 Table of Contents
- 1.1 List of Tables
- 2 St. Mary Acquires Oil And Gas Assets In The Permian Basin For $247.6m
- 2.1 Deal Overview
- 2.2 Deal in Brief
- 2.3 SM Energy Acquired Significant Assets in Permian Basin, West Texas
- 2.4 SM Energy Strengthened its Presence in Permian Basin During 2006-2009
- 2.5 SM Energy is Currently Focused on its Development Plans and is Divesting its Non-core Assets
- 2.6 SM Energy’s Acquistion of Assets was Over-Priced as Compared to Other Asset Transactions in Permian Basin at That Time
- 2.7 Deal Financials and Valuations
- 3 Appendix
- 3.1 Methodology
- 3.2 Contact Us
- 3.3 Disclaimer
- 1.1 List of Tables
- Table 1: SM Energy, Capital Investment Budget, 2011
- Table 2: SM Energy, Asset Transactions (Divestitures) Details, 2007-2010
- Table 3: Permian Basin, Asset Transactions and Acquisitions Details, 2007-2010
- 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
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| Publisher :
GlobalData |
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