Aspects of Apache's Acquisition of BP Assets
The U.S. Energy Information Administration (EIA) has released a summary presentation to inform discussion of the acquisition of U.S. oil and gas production assets of BP plc by Apache Corporation, a transaction valued at approximately $7 billion which was announced July 20th. "Aspects of Apache's Acquisition of BP Assets" presents non-proprietary, company-level oil and gas production and reserve data and the relevant U.S. aggregate data.
Similar reviews are prepared for mergers, acquisitions, and alliances by companies that are respondents to Form EIA-28 (Financial Reporting System (FRS)), or that result in a company that meets the FRS reporting criteria. The review is confined to a presentation of pertinent operating data of the companies and assets involved in the transaction. The FRS reporting criteria are one percent, or more, of U.S. crude oil and natural gas liquids, or natural gas production, or one percent, or more, of U.S. refinery crude oil distillation capacity.
The presentation is available at http://www.eia.doe.gov/emeu/finance/mergers/apa_bp_index.html?src=email .