Encana Mergers and Acquisitions Summary

Oil/gas Exploration Company

Encana has acquired 2 companies, including 1 in the last 5 years. It has also divested 5 assets.

Encana’s largest acquisition to date was in 2014, when it acquired Athlon Energy for $7.1B. It’s largest disclosed sale occurred in 2011, when it sold Carrot Creek Assets to Direct Energy for $44M. Encana has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Join Mergr and gain access to Encana’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity2
    • M&A Sell Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 6

Encana Corp.

500 Centre Street SE,
Calgary, Alberta T2P 2S5
Canada,
(403) 645-2000
www.encana.com

Encana Corporation is a Canadian oil and gas exploration company. It is involved in the production and marketing of oil and natural gas and is based in Calgary. Encana was founded in 1971 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 1 - - 1 - - 2
vol $7.1B $5.5B $12.6B
Sell (0.2/yr) # 4 - - 1 - - 5
vol $44M $44M
  7

Most Recent M&A

Company Date Value Type
Newfield Exploration Co. 2018-11-01 5.5B USD Add-on Acquisition
The Woodlands, Texas · www.newfield.com
Encana Corp. - San Juan Basin Assets 2018-10-01 - Divestiture
Calgary, Alberta
Athlon Energy, Inc. 2014-09-30 7.1B USD Add-on Acquisition
Forth Worth, Texas · www.athlonenergy.com
Pacific Trail Pipelines Ltd. 2012-12-24 - Stake Purchase
Vancouver, British Columbia
Carrot Creek Assets 2011-12-09 44M CAD Divestiture
, Alberta
Cenovus Energy, Inc. 2009-11-30 - Spin Off
Calgary, Alberta · www.cenovus.com
Niska Gas Storage Partners LLC 2006-05-11 - Divestiture
Radnor, Pennsylvania · www.niskapartners.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas (USA), Inc. - Water Infrastructure Assets 2017-06-15 5
Denver, Colorado Denver, Colorado
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas - Howard County, Texas 2016-05-16 4
Denver, Colorado Howard County, Texas
Encana Oil & Gas (USA), Inc.    - DJ Basin Oil & Gas - Assets 2015-10-09 3
Denver, Colorado , Colorado
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas - Moneta Divide Assets 2015-05-01 2
Denver, Colorado Wind River Basin, Wyoming
Encana Oil & Gas (USA), Inc.    - Piceance Creek Pipeline, LLC 2007-01-09 1
Denver, Colorado , United States

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 12.6B (100%) 5 (100%) 44M (100%)
Total 2 $12.6B 5 $44M

By Geo

State/Country Buy Value Sell Value
Canada - - 4 44M
  Alberta - - 3 44M
  British Columbia - - 1 -
United States 2 12.6B 1 -
  Texas 2 12.6B - -
  Pennsylvania - - 1 -
Domestic - - 4 (80%) 44M (100%)
Cross-border 2 (100%) 12.6B (100%) 1 (20%) -
Total 2 $12.6B 5 $44M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Credit Suisse Investment Banking
1
TD Securities
1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison LLP
2
Blake, Cassels & Graydon LLP
1

Deal Values

buy # Total
> $1B 2 $12.6B
TOTAL $12.6B
Largest Athlon Energy, Inc.
$7.1B (2014-09-30)
sell # Total
< $100M 1 $44M
TOTAL $44M
Largest Carrot Creek Assets
$44M (2011-12-09)

M&A Connections

Deals %
Divested to
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%

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