Inform
Encana acquires Newfield Exploration for US$7.7 billion
This report is currently unavailable
Report summary
Encana went shopping in the SCOOP/STACK in Q3. It bought Newfield Exploration for US$7.7 billion (US$5.5 billion stock, assuming US$2.2 billion debt of Newfield's net debt). The deal includes 360,000 net acres and 199,000 boe/d of Q3 2018 production (61% oil-weighted). The deal values Newfield at US$27.4/share, an approximately 35% premium to its closing share price the day prior. Encana's share price was down 16%, and Newfield's share price was up 12% in early trading.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Is upstream oil & gas delivering on decarbonisation?
Upstream scope 1 & 2 emissions intensity has been cut by 12% since 2017. But is the industry delivering on decarbonisation?
$1,350
Deal Insight
Diamondback acquires Endeavor Energy for US$26 billion
Diamondback Energy (FANG) announced a merger with Midland private Endeavor Energy Resources for US$26 billion.
$1,650
Deal Insight
Talos Energy acquires QuarterNorth Energy for US$1.3 billion
Deal cements Talos's position as a top producer in the US Gulf of Mexico
$1,650