Aspects of Hess' Acquisition of American Oil & GasThe U.S. Energy Information Administration (EIA) has released a summary presentation to inform discussion of the acquisition of American Oil & Gas Inc. by Hess Corporation, a transaction valued at approximately $488 million which was announced July 27th. "Aspects of Hess' Acquisition of American Oil & Gas" presents non-proprietary, company-level oil and gas production and reserve data and the relevant U.S. aggregate data.
Similar reviews are prepared for mergers, acquisitions, and alliances by companies that are respondents to Form EIA-28 (Financial Reporting System (FRS)), or that result in a company that meets the FRS reporting criteria. The review is confined to a presentation of pertinent operating data of the companies and assets involved in the transaction. The FRS reporting criteria are one percent, or more, of U.S. crude oil and natural gas liquids, or natural gas production, or one percent, or more, of U.S. refinery crude oil distillation capacity.
The presentation is available at http://www.eia.doe.gov/emeu/finance/mergers/hess_amer_index.html?src=email .
Posted: August 2, 2010
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