Deal Insight
Denbury Resources acquires Penn Virginia Corporation for US$1.7 billion
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Report summary
Denbury announced plans to acquire Penn Virginia Corporation for an enterprise value of US$1.7 billion. Penn Virginia produced approximately 22,200 boe/d (Q2 2018) across a contiguous position of 84,060 net acres in the oil window of the Eagle Ford. The deal will be funded with US$400 million in cash and ~US$830 million in stock and is expected to close in Q1 2019.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
