Guide online Free signup Advertise my Company
Magazine
Free subscription magazine
Last edition
May-June 2026
Magazine May-June 2026
All magazines
Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 8 pages

Country: United States

Sector: Exploration and Production (Energy)
Crescent Point Energy to Acquire Ute Energy's Upstream Arm for US$861MM - Acquisition will Enable Crescent to Enter Uinta Basin and Expand its Exit Production by Around 9% - Deal Analysis from GlobalData

Summary

Crescent Point Energy Corp. (Crescent) agreed to acquire Ute Energy Upstream Holdings LLC (Ute) from Ute Energy, LLC (Ute Energy), a portfolio company formed by Ute Indian Tribe (Ute Tribe) of the Uinta and Ouray Reservation and Quantum Energy Partners LP (Quantum), for a purchase consideration of approximately US$861MM, including a cash consideration of US$784MM plus the assumption of US$77MM in net debt. The transaction will have an effective date of November 30, 2012. BMO Capital Markets Corp. and RBC Capital Markets, LLC are acting as financial advisors, whereas Evercore Partners Inc. is acting as strategic advisor to Crescent Point. Tudor, Pickering, Holt & Co., LLC is acting as financial advisor and Credit Suisse Securities (USA) LLC is acting as strategic advisor to Ute Energy in the transaction.

Scope

- Rationale behind Crescent Point Energy acquiring Ute Energy's upstream arm.
- Rationale behind the Ute Tribe to divest its upstream business in order to fund its midstream business and other investment activities .
- Geography Covered- US.

Reasons to buy

- Develop a sound understanding about how acquisition of Ute will enable Crescent to enter Uinta Basin and expand its exit production by around 9%.
- To know about how Crescent acquired Ute at a premium of around 39% of its 1P reserve multiple.
- To have an understanding of how Ute Tribe is divesting its upstream business in order to fund its midstream business and other investment activities .
Access Report
 
 
Next events
All events
 
 
Last interviews
All interviews
 
Follow us