Deal Insight
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.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Strategic rationale
- Encana
- Birchcliff
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- Encana's western Canada position (Gordondale assets marked in red square)
- 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
What's included
This report contains:
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