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One-Page Deal Sheet

Encana Sells Alberta Clearwater Assets for C$605 Million

Ember Resources Inc. Ovintiv Inc
AnnouncedOct 8, 2014
TypeProperty
Announced Date
October 08,2014
Close Date
January 15,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
605




Snapshot
Asset/Basin:
{"Horseshoe Canyon CBM"}
TargetZones:
{"Horseshoe Canyon (
Net Acres
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Location
Region
Canada

Country
Canada

Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Production ($/Mcfe/d)
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Transaction Details:  Require Private Equity Subscription

Closing Announcement - January 15, 2015

Encana Corporation has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc. for a purchase price of approximately C$605 million. The sale includes about 1.2 million net acres of land, over 6,800 producing wells and approximately 180 million cubic feet equivalent per day (mmcfe/d) of natural gas production.

Sherri Brillon, Encana's Chief Financial Officer said: "We enter 2015 focused on furthering our strategy and protecting our balance sheet with plans to not add any incremental debt through the year.

Wit…


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Canada Deal Activity In Last 12 Months


Other Canada Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-06-2024 - - Click here Alberta  E&P
Aug-22-2022 - - Click here British Columbia  E&P
Aug-01-2022 - - Click here Alberta  E&P
Jun-29-2022 - - Click here Alberta  E&P
Dec-15-2021 - - Click here   E&P

Other Canada Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-04-2025 - - Click here Alberta  E&P
Nov-06-2024 - - Click here Alberta  E&P
Jun-29-2022 - - Click here Alberta  E&P
Nov-29-2021 - - Click here Alberta  E&P
May-24-2021 - - Click here Alberta  E&P

Price History


Date Deal Headline Price$/acre
Nov-04-2025 Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position -   19,286
Nov-06-2024 Ovintiv to Acquire Montney Assets from Paramount for $2.377 Billion in All-Cash Deal -  
Jun-29-2022 Exxon Sells Off Montney, Duvernay Portfolio in $1.47 Billion Cash Deal -   2,275