One-Page Deal Sheet
Encana Acquires Permian Player Athlon in Deal Worth Billions
Ovintiv Inc Athlon Energy Inc.
Announced Date
September 29,2014
Close Date
November 13,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
7100
Asset/Basin:
{"Permian Basin","Midland Basin"}
TargetZones:
{Clearfork,Spraberry
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Midland ,Martin ,Howard ,Glasscock
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - November 13, 2014
Encana Corporation reported that the cash tender offer made by Alenco Acquisition Company Inc., Encana's indirect, wholly owned subsidiary to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc. expired at midnight, New York City time on Wednesday, November 12, 2014 (one minute after 11:59 P.M., New York City time, on November 12, 2014).
All shares that were validly tendered into the Offer and not validly withdrawn have been accepted for payment. Promptly following consummation of the Offer, Alenco Acquisition will be…
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