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Encana sells Jonah to TPG Capital for US$1.8 billion


Encana sells Jonah to TPG Capital for US$1.8 billion

Report summary

Encana is to sell its interests in the Jonah Field, in southwest Wyoming's Green River Basin, to TPG Capital. The deal, worth US$1.8 billion, was highly anticipated by the market, and follows the trend of an increasing number of private equity-backed acquisitions of primarily dry gas assets in the Rockies region. With the absence of shareholder pressure, private equity buyers of dry gas assets have the luxury of buying and holding assets and can take a longer-term view on natural gas prices.

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Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
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