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Week of December 19, 2011Volume 1, No. 14

2011 Review: Companies gone but not forgotten

From the Archives of PLS docFinder Database

Slide

El Paso: October 12, 2011

     Sold: October 16, 2011

Full Presentation


Slide

PetroHawk: July 11, 2011

           Sold: July 14, 2011

Full Presentation


The slides and presentations above and below are the last known independent presentations given prior to announcements of the sales of each company in 2011.  You are seeing the last public domain data the buyer saw prior to announcing the transaction.

The wealth of original data in investor presentations of sold companies was often lost as new owners took down old websites and investor resources pages, until now.  These older presentations are permanently archived in the PLS docFinder database.   A thoughtful study of these presentations will provide you insight to key messages that attract potential buyers.

Corporate takeover activity in the energy sector surged in 2011, as buyers seized strategic opportunities presented by volatile commodity and equity markets throughout the year. 

PLS now provides you with the ability to QUICKLY find answers you need including:

    Did you know?

    Oil company execs, investors and bankers know well the value of "competitive reconnaissance."  PLS' new docFinder database is a valuable source to stay current on industry and company developments.  DocFinder lets you quickly view and compare type curves, oil price differentials, drilling costs, operating costs, CAPEX plans past, present and future, and other critical data.  

     

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    featured.slides from docFinder

    Slide Slide Slide Slide

    Brigham : 10/05/2011

             Sold: 10/17/2011

     

    October 5, 2011

    Pride : 12/02/2010

       Sold: 02/07/2011


    December 2, 2010

    Daylight : 08/16/2011

            Sold: 10/09/2011


    August 16, 2011

     

    OPTI Canada: 6/01/2011

                    Sold: 7/20/2011

     

    June 1, 2011

    Brigham Exploration announced the sale of the company to Statoil on October 17, 2011 for $4.7 billion.  The presentation above, less than two weeks prior to the deal,  is entitled "No Oil Left Behind".  Key points of the presentation are: Williston-basin focus, premier operator, significant inventory and accelerating activity.




    Full Presentation.


    docFinder allows you to identify production growth by play...

    Pride International announced the sale of the company to ENSCO on February 7, 2011 for $8.6 billion.  The presentation above is a little more than two months prior to the announcement .  Pride was a focused deepwater drilling company with an emphasis on high specification floaters and a $6.9 billion backlog.



    Full Presentation.

     

    docFinder allows you to find rig data and drilling companies...

    Daylight Energy announced the sale of the company to Sinopec on October 9, 2011 for $2.9 billion.  Daylight made the transformation from Trust to Resource Play and Growth with a focus on the Deep Basin area in the  western Canadian Sedimentary basin.  At the time, Daylight had $9.5 billion of projects in inventory primarily in the Elmworth area.



    Full Presentation.


    docFinder allows you to dig deep into company evaluations...

    OPTI Canada announced the sale of the company to CNOOC on July 20, 2011 for $2.1 billion.   As the presentation above shows, given less than two months prior to the deal announcement, OPTI was "Working toward (a) Strategic Alternatives Review conclusion". OPTI owned a 35% WI in oil sands projects with Nexen operating and owning 65%


     Full Presentation.


    featured.transactions from PLS global M&A database

    DateHeadlineValue
    12/16/11Vermilion Energy buys 6 producing oil fields in France from Total$111 MM
    12/15/11Western Gas Partners buys Wyoming gas gathering system from Anadarko$483 MM
    12/12/11MarkWest Energy Partners, LP to buy remaining 49% of Utica midstream Liberty JV$1,000 MM
    12/09/11Total buys another 2% (now holds 14.09%) in Russian oil company OAO Novatek$800 MM

    Source: PLS M&A Database

    featured.deals from PLS divestment arm

    BAKKEN PROJECT FOR SALE BAKKEN PROJECT FOR SALE
    ~9,500 Net Acres; 3 PDP Wells
    DUNN COUNTY
    Multipay Objectives; Middle Bakken,
    Three Forks, Lodgepole, Scallion
    Some Acreage HBP
    Operated & NonOperated WI For Sale
    Net Production ~20 BOED
    Exposure to 54 1280 Acre Drilling Units
    Recent Well Performance Promising
    EURS 550 MBOE For Middle Bakken
    EURS 638 MBOE For Three Forks
    Offset Operators; Marathon, OXY, HUNT
    Active Area With Attractive Geology
    PP 8978DV
    View Details

    MICHIGAN DRILLING PROSPECT MICHIGAN DRILLING PROSPECT
    13,252-Gross/Net Acres.
    JACKSON & WASHTENAW CO.
    Napoleon Field Trend
    Trenton Black River Objective. ~4,500 Ft.
    NEEDS 3-D SEISMIC SHOOT
    SEEKING 50/50 PARTNER
    50% OPERATED WI; 83.3% NRI
    Napoleon Field Has Cumm'd 1.3 MMBO.
    Field Currently Producing 80 MBO/Month.
    Total Seismic Shoot Cost: ~$1,600,000
    Lease Expires: August 2015
    Est DHC: $500,000; CWC: $800,000
    DV 6015SEI
    View Details

    featured.listings from the industry's MLS network

    KERN CO., CA PROPERTY
    2-Active Wells. 1-Water Disposal Well.
    BEAR VALLEY
    ASPHALTO FIELD
    Antelope Shale (Monterey)~5,800-6,500Ft.
    Depth Limitation 6,814 Ft. --
    - Bottom Of Antelope Shale
    Significant Horizontal Well Potential.
    100% OPERATED WI; 80% NRI
    Gross Prod: ~3.5 BOPD & 544 MCFD
    -----Plus 675 BWPD
    Net Cash Flow: ~$33,000/Mn
    Net Proved Rsrvs: ~163 MBO & 12 BCF
    Net Prov+Prob Undev: 670 MBO & 12 BCF
    Drill >300 Wells on 10-Acre Spacing.
    Net Proved Rsrvs (PV10): $19,000,000
    UpHole & Behind Pipe Potential.
    PP 7689DV
    View Details
    PP MAVERICK CO., TX PROPERTY
    17-Active Wells. 18,803-Gross Acres.
    BRISCOE - SANER FIELD
    MAVERICK BASIN
    Multiple Drilling Opportunities.
    SEISMIC DATA AVAILABLE
    50% OPERATED WI; 37% NRI
    Avg Net Cash Flow: $25,000/Mn
    PP 7651
    View Details
    PP
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