M&A Deal Summary

DJR Energy Acquires Encana - San Juan Basin Assets

On October 1, 2018, DJR Energy acquired oil/gas exploration company Encana - San Juan Basin Assets from Ovintiv

Acquisition Highlights
  • This is DJR Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is DJR Energy’s 1st transaction in Canada.
  • This is DJR Energy’s 1st transaction in Alberta.

M&A Deal Summary

Date 2018-10-01
Target Encana - San Juan Basin Assets
Sector Oil/Gas Exploration
Buyer(s) DJR Energy
Sellers(s) Ovintiv
Deal Type Divestiture

Target

Encana - San Juan Basin Assets

Calgary, Alberta, Canada
Encana Corp. - San Juan Basin Assets is a provider of an oil and gas exploration services across 182,000 net acres.

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Buyer(S) 1

Buyer

DJR Energy

Denver, Colorado, United States

Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

DJR Energy is an exploration and production company focused on developing oil and gas resources. DJR Energy was founded in 2002 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Ovintiv

Denver, Colorado, United States

Category Company
Founded 2020
Sector Oil/Gas Exploration
Employees1,743
Revenue 10.9B USD (2023)
DESCRIPTION

Ovintiv is an oil and gas exploration company. It is involved in the production and marketing of oil and natural gas. Ovintiv was founded in 2020 and is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 6
Sector (Oil/Gas Exploration) 5 of 6
Type (Divestiture) 3 of 4
State (Alberta) 3 of 3
Country (Canada) 4 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Athlon Energy

Forth Worth, Texas, United States

Athlon Energy is an oil exploration and production company focused on the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin.

Buy $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Newfield Exploration

The Woodlands, Texas, United States

Newfield Exploration Co. is an independent energy company. Newfield is engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The Company relies on a proven strategy of growing reserves through an active drilling program and select acquisitions. Newfield’s principal domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas.

Buy $5.5B