One-Page Deal Sheet
Encana Unloads TMS Assets to Australis in $80MM Deal
Australis Oil & Gas Limited Ovintiv Inc
Announced Date
March 02,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
80
Asset/Basin:
{"Tuscaloosa Marine Shale"}
TargetZones:
{"Tuscaloosa Marine
Net Acres
PDP PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast
Country
United States
State
Mississippi
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Residual Metrics Residual Value
Transaction Details: Subscribe to see
Australis Oil & Gas Limited is acquiring all of Encana’s TMS assets for cash consideration of US$80 million, subject to closing adjustments.
The Assets include: Working interests in 31 operated and producing wells (29 net wells) and 16 non operated producing wells (1.6 net wells) 62,000 net acres leased (35% HBP) within the production defined TMS Core area and within Permitted Drilling Units A further 60,000 acres within the TMS Core area outside of existing Permitted Drilling UnitsFollowing completion of the acquisition, Australis will hold the largest net acreage position in the oil…
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