Deal Insight
Encana sells its Haynesville natural gas assets to GEP Haynesville for US$850 million
This report is currently unavailable
Report summary
We value the acquired assets at US$1.27 billion. Against a consideration of US$850 million, this implies a long-term Henry Hub gas price of US$3.53/mcf. GeoSouthern is paying US$7,589 per acre (unadjusted), or US$4,167 per flowing mcf based on Q2 average production. This is less than Vine/Blackstone paid for Shell's assets on core Haynesville acreage last August. This reflects increased market uncertainty and a reduction in buyer appetite amidst falling commodity prices.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- 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 and Vine O&G wells in the Haynesville
- 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:
Other reports you may be interested in
Insight
US upstream week in brief: Q1 2024 archive
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary Woodmac views.
$1,350
Deal Insight
Beacon offloads non-operated assets to Ofer for undisclosed amount
Beacon sells its non-operated US GoM assets to Ofer Global.
$1,650
Commodity Market Report
North America gas weekly update: Freeport LNG woes continue
Higher injections lie ahead amid mild shoulder season demand
$1,700
