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Encana Sells East Texas Assets To Covey Park

Covey Park Energy LLC Ovintiv Inc
AnnouncedApr 29, 2014
TypeProperty
Announced Date
April 29,2014
Effective Date
April 01,2014
Close Date
June 20,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
530




Snapshot
Asset/Basin:
{"East Texas"}
Net Acres
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Proved Reserves
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Location
Region
Ark-La-Tex - East Texas

Country
United States

State
Texas

County
Leon ,Robertson

Production & Reserves
Production
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Production Mix
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Reserves
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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 - June 20, 2014

Encana Oil & Gas (USA) Inc. has closed on the majority of the previously announced sale of certain properties located primarily in Leon and Robertson counties of East Texas, having received approximately $427 million of the total anticipated purchase price of approximately $530 million.

The Company expects to close the balance of the transaction in the third quarter of 2014.

Initial Announcement - April 29, 2014

Encana Corporation has reported that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an Covey Park, to…


Source : Require Private Equity Subscription

United States Deal Activity In Last 12 Months


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Price History


Date Deal Headline Price$/acre
Feb-18-2026 SM Energy Sells Eagle Ford Asset for $950 Million -  
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank -  
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM -   8,172