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M&A Deal Summary

Navitas Midstream Acquires Encana Oil & Gas - Howard County Texas

On May 16, 2016, Navitas Midstream acquired oil/gas exploration company Encana Oil & Gas - Howard County Texas from Encana Oil & Gas

Acquisition Highlights
  • This is Navitas Midstream’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Navitas Midstream’s 3rd transaction in the United States.
  • This is Navitas Midstream’s 2nd transaction in Texas.

M&A Deal Summary
Date 2016-05-16
Target Encana Oil & Gas - Howard County Texas
Sector Oil/Gas Exploration
Buyer(s) Navitas Midstream
Sellers(s) Encana Oil & Gas
Deal Type Divestiture

Target

Encana Oil & Gas - Howard County Texas

Howard County, Texas, United States
Encana Oil & Gas - Howard County, Texas comprises low-pressure gathering lines, multiple compressor stations and a 38-mile, 16-inch high-pressure pipeline, providing fully integrated services for both natural gas and natural gas liquids.

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Buyer(S) 1

Buyer

Navitas Midstream

The Woodlands, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Navitas Midstream is a producer-focused midstream company that provides a full slate of midstream services including gathering, treating, processing, fractionation, and pipeline transportation of natural gas, natural gas liquids, condensate and crude oil. Navitas Midstream is based in The Woodlands, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 3 of 3
State (Texas) 2 of 2
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Apache Corp - Gathering And Processing Assets

United States

Apache Corp - Gathering And Processing Assets includes approximately 114 miles of low and high pressure natural gas gathering pipelines ranging in size from 2-inches to 12-inches in diameter and a cryogenic processing plant.

Buy -

Seller(S) 1

SELLER

Encana Oil & Gas

Denver, Colorado, United States
Category Company
Founded 1987
Sector Oil/Gas Exploration
DESCRIPTION

Encana Oil & Gas (USA), Inc. is a provider of oil/gas exploration services.

DEAL STATS #
Overall 4 of 5
Sector (Oil/Gas Exploration) 4 of 4
Type (Divestiture) 4 of 5
State (Texas) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 DJ Basin Oil & Gas - Assets

Colorado, United States

DJ Basin acreage comprises 51,000 net acres. During the first half of 2015, the assets produced an average of 52 million cubic feet per day (MMcf/d) of natural gas and 14,800 barrels per day of crude oil and natural gas liquids.

Sell $900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-15 Encana Oil & Gas - Water Infrastructure Assets

Denver, Colorado, United States

Encana Oil & Gas (USA), Inc. - Water Infrastructure Assets is a provider of an Infrastructure assets.

Sell -
Mergr

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