EnCana Oil & Gas (USA) Inc.

Transaction Type
Basin
Permian
Field
Penn/Strawn
Post Date
Close Date
Estimated Price
MM
Description

EnCana Oil & Gas (USA) Inc. has retained Jefferies Randall & Dewey to sell Penn/Strawn assets in the ACU area of West Texas. The assets include 19,748 net acres in Pecos and Terrell counties with operatorship divided evenly with ConocoPhillips. Current daily net production is 12 million cubic feet equivalent. Total net proved reserves are 119 billion cubic feet equivalent (36 billion proved developed producing; 146 billion proved plus probable). ConocoPhillips operates approximately 70% of proved developed reserves. The bid due date is Dec. 4. Contact Bill Marko, 281-774-2000.