One-Page Deal Sheet
EnCana to acquire partner Leor Energy’s interests in Deep Bossier gas fields
Ovintiv Inc Not Disclosed
Announced Date
November 05,2007
Effective Date
October 01,2007
Close Date
November 20,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
2550
Asset/Basin:
{"Deep Bossier"}
TargetZones:
{"Deep Bossier"}
Net Acres
Net Operated Locations:
Transaction Details: Subscribe to see
A subsidiary of EnCana Corporation (TSX & NYSE: ECA) has entered into an agreement to acquire all of the Deep Bossier natural gas and land interests of privately-owned Leor Energy in Texas for US$2.55 billion.
“We are acquiring our partner’s 50 percent interest in the prolific Amoruso Field, centered in one of the fastest-growing natural gas trends in North America – the Deep Bossier formation. These assets are a seamless fit with our existing production and operations, and they hold tremendous growth potential in the near and longer term. Strengthening our Deep Bossier position exemplifies…
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