Deal insight

Birchcliff acquires Gordondale assets from Encana for US$487 million

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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 contains

  • Document

    Birchcliff acquires Gordondale assets from Encana for US$487 million

    PDF 713.13 KB

Table of contents

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

Tables and charts

This report includes 9 images and tables including:

Images

  • Encana's western Canada position (Gordondale assets marked in red square)

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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