Deal Insight
Shell divests Alberta Duvernay to Crescent Point for US$707 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Canadian deal activity is off to the races in 2021, accounting for over half of deal spend globally. Shell adds to the total with its exit from the Alberta Duvernay, a liquids-rich shale play. As Shell marches towards a more stream-lined upstream portfolio, non-core assets like these will be sold. Shell will receive US$707 million, consisting of US$550 million cash and 50 million shares of the acquirer, Crescent Point.This is not an example of a fringe position being sold by a company who ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Downsides
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Strategic rationale
- Shell
- Crescent Point
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Map of Kaybob Duvernay lease positions and Shell's wells
- Upstream assets: Table 1
- PDP and PUD asset valuation at 10%, 15% and 20% discount rates
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Type well sensitivities
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
