Deal Insight
Encana sells DJ Basin assets to Canada Pension Plan Investment Board for US$900m
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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 51,000 net acre position in the Denver-Julesburg (DJ) Basin to a new entity jointly owned by the Canada Pension Plan Investment Board (CPPIB) (95%) and Broe Group (5%). The acquired acreage is primarily located in the Wattenberg Core and Greater Wattenberg sub-plays which boast some of the most consistent wells in the notoriously heterogeneous Niobrara play. Greater Wattenberg is the most economically attractive sub-play in the Niobrara, with average wells breaking even below US$50/bbl WTI.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Encana's DJ basin wells are concentrated in the Wattenberg Core and Greater Wattenberg sub-plays in southwest Weld County
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
