Deal Insight
Encana sells DJ Basin assets to Canada Pension Plan Investment Board for US$900m
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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 8 images and tables including:
- 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:
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