Encana Corp.

Transaction Type
Fort Worth
Post Date
Close Date
Estimated Price

Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corp., Calgary, (Toronto, NYSE: ECA) has retained Scotia Waterous (USA) Inc. to sell its North Texas gas-producing assets in the Fort Worth Basin Barnett shale play.

The package includes and average 85% working interest (65% net revenue interest) in 52,000 net acres of high-quality, relatively mature producing properties in the Fort Worth Basin. Production is 130 million cubic feet of gas per day. The assets also include associated processing and pipeline facilities.

Upside includes 635 -isk infill drilling locations and additional potential through comprehensive re-frac and recompletion programs, drilling campaign acceleration, and tapping vertically isolated intervals of the Barnett.

Bids are due in early November. Contact John Wehrle, 832-426-6024, john_wehrle@scotiawaterous.com.