Deal Insight

Encana sells its Piceance Basin assets to Caerus for US$735 million

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On June 09 2017, Encana Corporation announced that it has reached an agreement to sell its Piceance Basin natural gas assets to Denver-based Caerus Oil and Gas LLC. This is the latest move by the Canadian operator as it follows through with its "back to winning" strategy announced in 2013, which includes a portfolio transition from gas- to liquids-weighted production.

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
  • Encana- and Caerus-operated Mesaverde wells
  • Upstream assets: Table 1
  • 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 its Piceance Basin assets to Caerus for US$735 million

    PDF 1.09 MB