One-Page Deal Sheet
Encana Sells Montney Gordondale Property to Birchcliff
Birchcliff Energy Ltd. Ovintiv Inc
Announced Date
June 22,2016
Effective Date
January 01,2016
Close Date
July 29,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
625
Asset/Basin:
{Montney}
TargetZones:
{Montney}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - July 29, 2016
Encana has completed the sale of its Gordondale assets in northwestern Alberta to Birchcliff Energy Ltd. The transaction has an effective date of January 1, 2016.
Initial Announcement - June 22, 2016Encana Corporation announced today that it has reached an agreement to sell its Gordondale assets in northwestern Alberta to Birchcliff Energy Ltd. for a total cash consideration of C$625 million.
The sale includes approximately 54,200 net acres of land and associated infrastructure. In addition, through the transfer of current and future obligations, Encana…
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