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Encana sells Bighorn assets to Jupiter Resources for $1.8B

Jun. 27, 2014 7:17 AM ETOvintiv Inc. (OVV) StockBy: Carl Surran, SA News Editor2 Comments
  • Encana (ECA) agrees to sell its Bighorn assets in the Alberta Deep Basin to Jupiter Resources for ~$1.8B.
  • The sale includes ~360K net acres of land along with ECA's working interests in all pipelines, facilities and service arrangements; total net proved reserves at the end of 2013 were ~1.1B cfe, with 75% of those reserves being natural gas.
  • Jupiter Resources is a portfolio investment of funds managed by affiliates of Apollo Global Management (APO).

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