Anadarko Petroleum Corporation has planned to sell its assets in Indonesia (primarily deepwater exploration acreage offshore East Kalimantan). Anadarko has participating interests in approximately 4.5 million exploration acres through a combination of several operated and non-operated Production Sharing Contracts (PSC). Continue reading here..
Cutpick Energy Inc, a private Calgary-based corporation, has engaged FirstEnergy Capital Corp to evaluate a range of strategic alternatives, including possible liquidity events, aimed at enhancing shareholder value. Continue reading here..
Derrick recorded nearly $14 billion worth Canadian packages put for sale by Connacher Oil & Gas, ConocoPhillips, Talisman, Birchcliff Energy, EnCana and Cenovus Energy. The $14 billion includes only the large packages estimated at greater than $1 billion. For more visit us:
There are 20 opportunities recorded in Derrick’s “Deals in Play’” database for the region of North Africa comprising Algeria, Egypt, Morocco, Mauritania and Egypt.
Out of these 20, 12 opportunities are for stakes in exploration blocks previously awarded, 5 are opportunities relating to developing undeveloped discoveries, 1 is for a stake in a producing field and 1 is for stakes in multiple asset types (appraisal/pre-development discoveries & 1 producing field) (Map 1)
Figure 1: Map of North Africa with locations of opportunities shown by colored circles. Circles are colored based on the asset type. Place cursor over circles for additional information on the opportunity. Click on circles to get detailed opportunity break down (pop ups need to be allowed).
The maximum opportunities are in Morocco (8), followed by Tunisia (7), Egypt (3), Algeria (1) and Mauritania (1).
Derrick has valued the following packages (developing discoveries & producing fields) - (Table 1)
1. Dana Petroleum offers 25% in exploration concession offshore Egypt
2. Roc Oil to divest package of assets offshore Mauritania
3. Canamens Energy seeks farm-in partner(s) for two licenses offshore Morocco
4. Atlas Petroleum and Eurogas seek farm-in partner for Sfax permit, offshore Tunisia
5. Cooper Energy to farmout interest in offshore Tunisian field
Table 1: Derrick valued deals are shown with their asset types (transaction type), deal value and country. Squares are colored according to hydrocarbon type. Place cursor over squares for additional information on the opportunity. Click on circles to get detailed opportunity break down (pop ups need to be allowed), asset information and deal value.
North Africa presently accounts for 29% of total opportunities present in Africa
Derrick Petroleum's "Deals in Play' database has recorded $2 - $3 billion worth of Eagle Ford Shale assets for sale as on July 2011. The Eagle Ford Shale is becoming prized property for oil and gas companies in 2011. The shale play area starts at the Texas-Mexico border in Webb and Maverick counties and extends 400 miles toward East Texas. The play is 50 miles wide, an average of 250 feet thick at a depth between 4000 and 12,000 feet, and has high carbonate content making it easier to fracture than other shales. In addition, it is also more liquid rich than other shales. The $/acre of the shale has been increasing rapidly over the last few years due to increasing successes of companies exploring this play. The high present $/acre relative to previous years is also bringing capital to firms who want to sell non-core Eagle Ford assets to focus on their core assets.
The following table from Derrick Petroleum’s ‘Deals in Play’ database shows opportunities available with respect to Eagle Ford assets as on 4 July 2011.
Table 1: Is an interactive chart/ table showing data recorded from Derrick Petroleum's 'Deals in Play' database. Only deals above $10 million are shown. Net undeveloped acres have been sorted from highest (up) to lowest (down). Subscribers can click on the relevant bar to view detailed information from the database.
The following table shows recent transactions involving the Eagle Ford Shale for insight into its recent $/Acre.
Table 2: X axis shows Buyer-Seller. Y axis is deal value. $/acre is given above the bar's in the chart. Data is sorted by month and quarter. Only deals above $100 million in Q1 and Q2 2011 have been shown. Click on the bars for more detail on individual deals.
Analyst Comments
1. Total deal value involving Eagle Ford shales has been among the highest relative to the other US shales.
2. Number of deals involving Eagle Ford shale have been the highest so far in 2011 as compared to other shales (~25 deals), as recorded in Derrick's Deals database.
3. Eagle Ford shale looks set to dominate the deals market for unconventionals in 2011.
The Deals-in-Play report from Derrick Petroleum Services is a must-have for business development professionals working on oil and gas deals. The report provides information on approximately 250+ Assets for sale, Corporate M&A opportunities, JV opportunities and Exploration farm-ins. The deals have been categorized according to the value range: $1,000-$10,000 million, $500-$1,000 million, $100-$500 million, $25-$100 million, $5-$25 million and less than $5 million.
Here is the sample of the report pertaining to only producing assets worth around $11.335 billion. The data for this report has been sourced from the Derrick E&P Transactions Database.
Highlights
1. Total value of the assets- $11.335 billion
2. Value by Region:
United Kingdom- $3.93 billion (~$3 billion worth of assets available from ConocoPhillips’ $5-10 billion divestiture program)
United States - $3.06 billion
Canada- $2.77 billion
Vietnam- $1.5 billion
Colombia- $77 million
3. Value by Hydrocarbon:
Oil- $3.3358 billion
Gas- $3.046 billion
Oil+Gas- $4.931 billion
The assets from the US and Canada account for nearly 51% of the total deal value. Inspite of the high oil prices and low gas prices, the breakage between oil and gas deals is 50:50.
Top Billion Dollar Deals-in-Play
Top Deals-in-Play in the US
Top Deals-in-Play in Canada
For more information on the report, do write at anitha.bharathi@derrickpetroleum.com
