In addition to being the most actively purchased and sold oil and gas assets in North America, the Permian basin has also been fetching tremendous valuations.
There has been 28 deals completed in the last two years, with 15 more deals announced in the Permian Basin.
The total value of Permian deals since Jan 1, 2014 amounts to over $20 billion, 73% higher than the next highest total value, which is in Appalachian Basin at $5.5 billion. The Montney and Williston Basin totals are also in the $5 billion range.
The average (US$) value per BOE/D for deals with at least 1,000 boe/d production is over $181,000, significantly higher than any other play in North America. Which ranges from $20,000 to $80,000.
Here’s a chart of average (US$) value per BOE/D year to date.
Average USD Value per BOE/D by Play. Source: BOE Report’s M&A Database
The most recent deal in Permian Basin was the corporate transaction announced between EOG Resources and Yates Petroleum worth $2.5 billion. Callon Petroleum also acquired assets from Plymouth Petroleum on the same day, in a deal worth $327 million.
This data was collected using the BOE Report’s M&A Database