Deals inked before year end

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The slides and presentations above and below highlight late year deals and key presentations.  While you may have been on a well-deserved Holiday, PLS has got you covered on the data and deal side.  

Endeavour inks a $330 million acquisition of ConocoPhillip's interest in three producing U.K. North Sea oil fields with net production of 10,000 boe/d and 2P reserves of 33 MMBOE.  Interestingly, the deal will go effective January 1, 2011 and, with tax benefits plus cash flow, closing price should be about $200 MM.

Repsol YPF announced a Joint Venture with SandRidge Energy in both the original and western Kansas portion of the Mississippian oil resource play.  Terms call for $250 million cash plus a $750 million drilling carry for the benefit of SandRidge. Repsol acquires 363,636 acres in the play.  The companies will drill more than 200 horizontal wells in 2012 and aim to reach 1,000 wells in 2014. 

In the coming weeks, PLS will be showcasing the full power of the docFinder database.  In a matter of seconds you can produce results like:

• COG, Best NYSE Performer in 2011 — Click here for the latest presentation!
• Marcellus Type Curve, Last 30 Days  — Click here for the answer!

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Oil company execs, investors and bankers know full well the value of "competitive reconnaissance."  PLS' new docFinder database is a valuable source to stay current on industry and company developments.  DocFinder collects, archives and uniquely catalogues industry presentations and provides clients with great features for searching, finding, collaborating and communicating a wealth of data.

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