Deal Insight
Birchcliff acquires Gordondale assets from Encana for US$487 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 21 June 2016, Birchcliff Energy announced an agreement to purchase 100% of Encana's interest in the Gordondale area of the Montney, for cash consideration of Cdn$625 million (US$487 million). The assets produced an average of 25,200 boe/d net (35% liquids) after royalties in the first quarter of 2016. These assets fit well with Birchcliff's existing Montney portfolio to create a large continuous acreage position stretching from Pouce Coupe to Gordondale.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Strategic rationale
- Encana
- Birchcliff
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Encana's western Canada position (Gordondale assets marked in red square)Upstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Deal analysis: Table 4Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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