Not a great nor poor deal Lots more debt, less cash but perhaps a doubling of production.
Over-riding all of this is the fact that the USD will continue to strenghten over the next few years, as its balance sheet reverses direction towards smaller deficits.
In addition,US natural gas and oil production will make the US a net exporter of energy within 5 years.
Oil is priced in USD.
As the USD strengthens, oil prices will decline towards levels not seen in 10 years.
As a consequence, oil production at small maginal fields in the North Sea will become uneconomical.
Hence, the pall over N Sea junior producers over the past year or so.
Healthcare service providers will be the big gainers over the next decade, as ageing baby boomers begin to hit their major health burden years.
Sell your energy stocks and buy these.
See T.NHC ( 40 cents ) as an excellent example.
It has doubled sales in just 3 quarters, with no debt and 15 cents/share in cash,and now expanding as a national health care service provider in the US, with 2013 sales over $30 million and near 60 % operating margins.