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Beach Energy nabs Cooper Basin assets

Johnson Winter & Slattery has advised Beach Energy on its acquisition of Cooper Basin assets, worth $87.5 million.

November 16, 2020 • By Emma Musgrave
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Beach Energy nabs Cooper Basin assets
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Firms: Johnson Winter & Slattery (Beach Energy); Allens (Senex Energy)

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Deal: Beach Energy has acquired Senex Energy’s Cooper Basin portfolio of assets.

 
 

Value: $87.5 million.

Area: M&A

Key players: The Johnson Winter & Slattery team was led by partners Peter Rose and James Marshall, alongside partner Andrew Wilton, special counsel Wolfgang Hellmann, senior associate Tom Barrett and associates Haerim Nam, Cloe Woodward, Charles Jordan, Grace Black, Hayley Andersen and Isabel McElhinney.

Deal significance: A statement from Johnson Winer & Slattery explained that under the transaction Beach Energy will acquire an “extensive exploration and production portfolio and become the sole operator in the Western Flank of the Cooper Basin”.

“Beach has a long history of operating in the Cooper Basin and this acquisition will consolidate its position as one of the leading oil and natural gas exploration and production companies in the basin,” Mr Rose added.

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“The transaction will provide Beach with the opportunity to capitalise on synergies in field operations, delivering opportunities to unlock further value for shareholders.”

The transaction is expected to be completed in early 2021.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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