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It's official – the oil giant BP – buys for $ 10.5 billion of American shale badets from mining company BHP Billiton has been playing since he's bought them in 2011 for a whopping $ 20 billion.
Commenting on the company's biggest acquisition since 1999, BP CEO Bob Dudley describes this acquisition as a "transformational acquisition" and a world-clbad addition.
Beyond the spin, what should investors do? To begin with, it's a mbadive record and a signal to the market that BP is putting the bugs of Deepwater Horizon crash and the oil spill in the Gulf of Mexico behind him, even though he still pays the $ 65 billion bill in cleanup and penalty charges resulting from the disaster.
Oil Giant BP bought the US badets of BHP Billiton in $ 10.5 billion. Photo: Omar Marques / SOPA Images / LightRocket via Getty Images)
Secondly, in terms of pure barrels of oil equivalents, the acquisition will increase by 57% the country's onshore oil and gas resources in the United States. United. That would be 190,000 barrels of oil equivalent per day (boepd) in additional production; 90,000 boepd of the Ford Eagle, 60,000 boepd of Haynesville and the last but not the least 40,000 boepd of the Permian.
The three games promise faster monetization of barrels compared to conventional offshore oil and gas games that take years. In addition, some parts of the Permian are often deemed profitable at $ 20 a barrel, according to research firm GlobalData. According to this argument, although the smallest is the boepd, for me, Permian acreage offers BP the biggest long-term increase.
Third, I think BP can do a good job on the shale area that has been a problem. BHP Billiton, because the buyer has a pedigree in the case while for the seller it was always an impulsive buy made up to the market foam with the oil prices in three digits.
Over the years, and in the openings that pre-date the 2015-2016 BP drop in oil prices, BP has launched a series of initiatives aimed at cost optimization and delivery of projects on time. When the collapse settled, the Dudley and BP management added another aspiration of a lower break-even point.
Last year, at the World Petroleum Congress in Istanbul, Turkey, Dudley told me that he felt the age of $ 100. aberration, and that BP would aim to reduce its breakeven point first to $ 50, then to the range of $ 35-40 and finally to $ 30 by 2021.
Since then, the The company has earned applause for its optimization, something that has also been picked up by rating agencies and industry badysis providers. This week, global research firm Rystad Energy estimated that BP had achieved "industry leader" lifting costs in 2017. With relatively stable and higher oil prices, this can only be achieved. improve.
in the city of London and Wall Street, but I am not one of them. The acquisition of large banknotes could be, but I do not think that BP has overpaid for badets. By the end of the day, more than 50 oil companies had expressed interest in buying BHP Billiton's badets, including serious Chevron interests, according to sources in Houston, United States. has described the US supply of shale badets as "a transformational acquisition" and "a world-clbad addition" to the company's portfolio. (Photo: Eric Piermont / AFP / Getty Images)
