Inform

Encana acquires Newfield Exploration for US$7.7 billion

Get this report

$1,250

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

01 November 2018

Encana acquires Newfield Exploration for US$7.7 billion

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:

  • Document

    Encana acquires Newfield Exploration for US$7.7 billion

    PDF 945.31 KB

Trusted by leading organisations