Deal Insight

Encana sells DJ Basin assets to Canada Pension Plan Investment Board for US$900m

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14 October 2015

Encana sells DJ Basin assets to Canada Pension Plan Investment Board for US$900m

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:

  • Document

    Encana sells DJ Basin assets to Canada Pension Plan Investment Board for US$900m

    PDF 1.38 MB