- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
BHP selling assets- who is buying?
Posted on 2/22/18 at 7:57 am
Posted on 2/22/18 at 7:57 am
Looking at how I can play this with BHP talking about selling a lot of assets. Who do you think I should look into?
1
Posted on 2/22/18 at 8:21 am to anewguy
What's the play? BHP won't be giving the stuff away and it will most likely end up in private hands.
Posted on 2/22/18 at 2:29 pm to sneakytiger
This is gonna be a really interesting process. One of the largest divestitures in 10+ years.
Permian stuff will probably go a major. I'd say Apache, Anadarko, Pioneer, Concho, EOG, and even Exxon will all be very interested. Imagine their ~83,000 acres in the Permian will go for ~$1.5 to 2.5 billion.
Eagle Ford asset will be very interesting given it is the most prized possession of the portfolio. They are separating the assets into 2 packages and will likely sell for a total of $3 to $4 billion total. They have about ~250k net acres total with ~80 mboe/d of production, which is HUGE. Will be a ton of private equity folks in the running along with the large Eagle Ford publics.
Haynesville and Fayetteville asset are less sexy but will go for another ~$2+ billion combined.
BHP also has midstream assets in each of the basins that will go for a pretty penny, especially in the Permian and Eagle Ford.
Permian stuff will probably go a major. I'd say Apache, Anadarko, Pioneer, Concho, EOG, and even Exxon will all be very interested. Imagine their ~83,000 acres in the Permian will go for ~$1.5 to 2.5 billion.
Eagle Ford asset will be very interesting given it is the most prized possession of the portfolio. They are separating the assets into 2 packages and will likely sell for a total of $3 to $4 billion total. They have about ~250k net acres total with ~80 mboe/d of production, which is HUGE. Will be a ton of private equity folks in the running along with the large Eagle Ford publics.
Haynesville and Fayetteville asset are less sexy but will go for another ~$2+ billion combined.
BHP also has midstream assets in each of the basins that will go for a pretty penny, especially in the Permian and Eagle Ford.
Posted on 2/22/18 at 7:28 pm to Enfuego
Damn, that's a lot of assets. Pretty good for either a black guy that flies helicopters or a guy of undetermined racial genealogy that flies black helicopters.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News