Deal Insight
Encana sells Bighorn gas asset to Jupiter Resources for US$1.8 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Encana is selling its Bighorn asset in Alberta's Deep Basin to Jupiter Resources (Apollo Global Management LLC affiliate) for US$1.8 billion (Cdn$2.0 billion). The asset includes 360,000 net acres of land and 1.1 bcfe (75% natural gas) of net proved reserves. We value Bighorn at US$1.7 billion (Cdn$1.8 billion), reflecting an implied long term Henry Hub gas price of US$4.69/mcf.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Encana
- Jupiter
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Bighorn production profile - including upside
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Oil & gas pricing and assumptions: Table 3
- Upstream portfolio: strategic fit of regions
- Gearing: Financial stretch (US$80/bbl low price)
What's included
This report contains:
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