Deal Insight
Encana sells Bighorn gas asset to Jupiter Resources for US$1.8 billion
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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 11 images and tables including:
- 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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