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3 Pages

Encana sheds more gas assets in US Lower 48


Encana sheds more gas assets in US Lower 48

Report summary

Encana has agreed to sell to an undisclosed buyer 90,000 net acres located in Leon and Robertson counties in East Texas for US$530 million. The primary targets are conventional dry gas zones from the Cotton Valley and Bossier gas formations and horizontal Eaglebine/Woodbine potential. This deal is in line with Encana’s recent moves to raise cash from the sale of its non-core assets, while it reorients its business toward liquids-led growth.

What's included?

This report includes 1 file(s)

  • Encana sheds more gas assets in US Lower 48 PDF - 392.80 KB 3 Pages, 1 Tables, 0 Figures

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.

  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there is 1 table or chart, including:

  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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