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Encana Corporation
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Accelerating the Strategy: Eagle Ford Acquisition Adds Immediate Value
| Doug Suttles | Page 4 of 11 |
November 26, 2024
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Document:
"Accelerating the Strategy: Eagle Ford Acquisition Adds Immediate Value"
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Summary of Transaction Terms Accretive Acquisition of a World Class Oil Resource Play • $3.1B all cash acquisition of Eagle Ford oil asset – 45,500 net acres in Karnes, Wilson and Atascosa counties • 73% working interest – ~53,000 boe/d Q1 2014 • 75% oil, 11% NGL, 14% gas – Over 400 drilling locations • Q1 2014 op. cash flow $327MM • Expected to close by end Q2 – Effective date April 1, 2014 Source: Texas RRC, DrillingInfo, company fillings and Scotiabank Encana Eagle Ford Acreage