1 Introduction
2 General Literature
3 General Data
3.1 Global Oil and Gas MA Database
3.2 Oil and Gas Markets
3.3 The International Country Risk Guide
3.4 Data Structure of 1,664 Oil and Gas Deals
3.5 Preliminary Results
4 Methodology
4.1 Group Comparison
4.2 Theoretical Model of Reserve Takeover Discount
5 Oil and Gas Markets
5.1 Further Insights on Oil and Gas Markets
5.2 Backwardation Effect on Reserve Takeover Discount
5.3 Correlation Effect on Reserve Takeover Discount
6 Oil Dominated Deals vs. Gas Dominated Deals
6.1 The Idiosyncratic Behavior of Reserve Takeover Discount in Oil Dom- inated Deals vs. Gas Dominated Deals
6.2 Effect of Gas Reserve Percentage on Oil and Gas Deal Pricing
7 High-Risk Deals vs. Low-Risk Deals
7.1 Comparative Results in High-Risk Deals vs. Low-Risk Deals
7.2 Using A Specific Risk-to-Reserve Metric to Measure Deal Risk
8 Cash Dominated Deals vs. Noncash Dominated Deals
8.1 Comparative Results in Cash Dominated Deals vs. Noncash Domi-nated Deals
8.2 The ''Control'' Issue and Choice of Payment Method in Oil and Gas Reserve Acquisitions
9 Equity Purchase Deals vs. Asset Purchase Deals
9.1 Comparative Results in Equity Purchase Deals vs. Asset Purchase Deals
9.2 The Choice of Transaction Structure in Oil and Gas Reserve Acqui- sitions
9.3 Segmentation of Oil and Gas Deals in Cash-Noncash Equity-Asset Groups
10 Overall Regression Results and Conclusion
10.1 Regression Results
10.2 Conclusion
List of Tables
List of Figures
Bibliography