Encana Corp.

Transaction Type
Sellers
Marketers
Basin
Fort Worth
Post Date
Close Date
Estimated Price
0MM
Description

Encana Corp. has retained A&D Insight LLC to sell certain producing assets in North Texas targeting the Barnett.

The package consists of 52 producing wells (107 total) and 4,700 held-by-production acres primarily in Denton and Wise counties with high working interest, generally 100%, and certain gathering lines salt water disposal facilities, compression and associated equipment.

Production is 4.1 million cubic feet of gas per day. Proved reserves are 49,000 gross barrels of oil (39,000 net) and 98 billion gross cubic feet of gas (71 billion net). Cash flow averages $288,000 after expenses.

Upside includes 33 horizontal wells that Encana has identified as being capable of 29 billion cubic feet of net reserves after refracing the wells. The acreage also has 16 infill locations for horizontal wells.

The data room opens in early October. The bid due date is Nov. 1. Contact Colin Nisbeth, 720-881-4484, cnisbeth@adinsightusa.com.