Deal Insight
Encana sells Clearwater CBM assets to Ember Resources for US$541 million
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Drilling efficiencies and economies of scale have brought Encana's well costs down to just Cdn$300,000, which results in a breakeven price of US$4.19/mcf for a well with an IP rate of 0.1 mmcfd. Ember cites a lower Horseshoe Canyon CBM well cost of Cdn$200,000, lowering the breakeven price to US$3.63/mcf. Even more attractive is the opportunity to recomplete existing wells into the Horseshoe Canyon Formation. Ember will need to capture this upside in order to justify the deal price.
Table of contents
- Executive summary
- Upstream assets
- Deal analysis
- Strategic rationale
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
San Nicolas copper mine project
A detailed analysis of the San Nicolas copper mine project.
$2,250
Asset Report
Syrian Petroleum Company operated assets
Wood Mackenzie has suspended its analysis of Syria due to the ongoing civil war and the lack of reliable information on the state of ...
$3,720
Asset Report
Syrian Gas Company operated assets
Wood Mackenzie has suspended its analysis of Syria due to the ongoing civil war and the lack of reliable information on the state of ...
$3,720
