Thursday, February 24, 2011

Permian Basin continues to lead the market for mature assets in US

The Permian Basin received the highest production multiples, $80,000-$110,000 per flowing barrel equivalent. The metrics reflect the premium buyers were willing to pay for oil reserves; future drilling opportunities, behind pipe potential and reserve quality.

Deepwater GoM saw the highest reserve metrics as a result of BP’s acquisition of Shell’s mature GOM assets in Dorado and Marlin.

Gassy plays such as the Barnett, Fayetteville and CBM received low metrics due to the low gas price environment.

Oxy paid a premium for Shell’s conventional South Texas gas assets with part of the price driven by liquids content and low operating costs.  

For more details on Permian companies

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