One-Page Deal Sheet
Direct Energy To Acquire Natural Gas Assets From Encana
Direct Energy Ovintiv Inc
Announced Date
December 09,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
58
Asset/Basin:
{"Deep Basin",Cardium}
TargetZones:
{Cardium,"Deep Basin
Proved Reserves
Location
Region
Canada
Country
Canada
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Direct Energy, has reached an agreement with Encana Corporation to acquire producing natural gas weighted assets in the Carrot Creek region of west central Alberta, Canada for C$58 million in cash plus additional resource and infrastructure assets.
The transaction will provide Direct Energy with an additional 6.2 million cubic feet equivalent per day (MMcfe/d) production, incremental 25.6 billion cubic feet equivalent (Bcfe) of proven plus probable reserves, split 42% gas and 58% liquids, and a 40 MMcf/d capacity gas plant with related infrastructure. In exchange, Encana will receive a…
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