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Birchcliff acquires Gordondale assets from Encana for US$487 million


Birchcliff acquires Gordondale assets from Encana for US$487 million

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.

What's included?

This report includes 1 file(s)

  • Birchcliff acquires Gordondale assets from Encana for US$487 million PDF - 713.13 KB 7 Pages, 8 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
    • Encana
    • Birchcliff
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Encana's western Canada position (Gordondale assets marked in red square)
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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