Accelerating the Strategy Eagle Ford Acquisition Adds Immediate Value Vision Doug Suttles President & CEO May 7, 2014 Strategy Goals
Getting Back to Winning Vision Strategy Goal Leading Disciplined focus Growing North American on generating shareholder resource play profitable growth value company 2017 Balanced liquids and natural gas Growth from a…
Consistent with Vision, Strategy & Goal Adding Sixth Core Growth Play Vision Leading North American resource play company Acquisition in core of premier North American oil play Opportunity to enhance value through Encanas operational…
Summary of Transaction Terms Accretive Acquisition of a World Class Oil Resource Play Encana Eagle Ford Acreage 3.1B all cash acquisition of Eagle Ford oil asset 45,500 net acres in Karnes, Wilson and Atascosa counties 73% working…
Leveraging our Core Competencies Why this Asset is a Great Fit Eagle Ford a proven, world-class basin TOP TIER RESOURCE Acquisition in the heart of the play High margin barrels - 75% oil production, 42 degree API OPERATIONAL…
Acquisition Aligned with Scorecard Adding High Value Barrels Today Portfolio Transition Adds large scale oil production in a well established basin Provides immediate impact on company-wide returns Increases oil weighting in…
Acquisition Aligned with Scorecard Best Rocks, Ideal Fit with Our Technical Strengths Operational Excellence Best Rocks Widely acknowledged as a top tier North American oil resource play Large contiguous land position in the…
Acquisition Aligned with Scorecard Financial Strength Enables Opportunistic Acquisition Balance Sheet Strength Acquired assets are free cash flow positive Accretive transaction metrics Purchase price = 2.4 x Q1/14 annualized…
Eagle Ford Core Position in a Premier Oil Play Why We Like It Eagle Ford EUR Potential Largely contiguous position in the Karnes Trough, considered the core of the core of the Eagle Ford Acreage primarily lies in the condensate /…
Additional Potential for Value Creation Leveraging Our Strengths to Drive Improved Returns Lower well costs Apply Encanas resource play Encana Eagle Ford Acreage expertise to further decrease well costs Optimize completion…
Encana Corporation Disciplined Focus on Profitable Growth Leading North American oil and gas resource play company High quality rocks Vision Scale and running room Operational excellence Portfolio optionality Disciplined focus on…
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