Diversified has announced the acquisition of a portfolio of high-margin, low-decline upstream assets and related facilities in Oklahoma and Texas from ConocoPhillips for an estimated net purchase price of US$210m – an attractive 2.5x multiple based on an Adjusted EBITDA of US$82m. At US$210m, the net purchase price approximates a PV17 PDP valuation at the effective date and represents an attractive discount of c29% to the estimated PV10 using the NYMEX strip as at 25 July 2022. The assets includ ....
16 Aug 2022
Cenkos: Diversified Energy Company Plc -- Central Region Acquisition and H1/22 Results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Diversified Energy Company Plc -- Central Region Acquisition and H1/22 Results
Diversified Energy Company PLC (DEC:LON) | 1,084 -97.5 (-0.8%) | Mkt Cap: 515.2m
- Published:
16 Aug 2022 -
Author:
James McCormack -
Pages:
13
Diversified has announced the acquisition of a portfolio of high-margin, low-decline upstream assets and related facilities in Oklahoma and Texas from ConocoPhillips for an estimated net purchase price of US$210m – an attractive 2.5x multiple based on an Adjusted EBITDA of US$82m. At US$210m, the net purchase price approximates a PV17 PDP valuation at the effective date and represents an attractive discount of c29% to the estimated PV10 using the NYMEX strip as at 25 July 2022. The assets includ ....