One-Page Deal Sheet
Encana Picks Up Eagle Ford Shale Asset for $3.1 Billion
Ovintiv Inc Freeport-Mcmoran Inc.
Announced Date
May 07,2014
Effective Date
April 01,2014
Close Date
June 20,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
3100
Asset/Basin:
{"Eagle Ford Shale"}
TargetZones:
{"Eagle Ford Shale"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Karnes ,Wilson ,Atascosa
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Closing Announcement - June 20, 2014
Encana's wholly owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced acquisition of approximately 45,500 net acres located in Karnes, Wilson and Atascosa counties of south Texas from Freeport-McMoRan.
Situated in the core of the prolific Eagle Ford shale, the acreage produced approximately 53,000 barrels of oil equivalent per day (boe/d) in the first quarter of 2014 and has an estimated drilling inventory of more than 400 locations.
Doug Suttles, Encana President & CEO, commented: "This acquisition fully aligns with the…
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