On the Record · Encana
Encana acquisitions, on the record
The businesses Encana bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Gordondale assets in Montney located in northwestern AlbertaWord for word“During 2016, Encana divested of approximately 54,200 net acres related to the Gordondale assets in Montney located in northwestern Alberta for proceeds of approximately $455 million, after closing adjustments.” 10-K for 2016 | divestiture | During 2016 | approximately $455 million, after closing adjustments |
DJ Basin assets located in northern ColoradoWord for word“During 2016, Encana divested of approximately 51,000 net acres in DJ Basin located in northern Colorado for proceeds of approximately $633 million, after closing adjustments.” 10-K for 2016 | divestiture | During 2016 | approximately $633 million, after closing adjustments |
North Piceance Basin natural gas joint venture interests with Nucor CorporationWord for word“In 2016, Encana and a subsidiary of Nucor Corporation ("Nucor") terminated the long-term joint venture agreement related to development of natural gas in the North Piceance Basin.” 10-K for 2016 | divestiture | In 2016 | — |
Haynesville natural gas assetsWord for word“(3) During 2015, Encana divested of Haynesville.” 10-K for 2016 | divestiture | During 2015 | — |
Piceance natural gas assets in northwestern Colorado, sold to Caerus Oil and Gas LLCWord for word“Closed the sale of the Company’s Piceance natural gas assets in northwestern Colorado to Caerus Oil and Gas LLC for proceeds of approximately $605 million, after closing and other adjustments.” 10-K for 2017 | divestiture | — | approximately $605 million |
Wheatland assets (approximately 511,000 net acres and approximately 4,720 net wells)Word for word“In the fourth quarter of 2017, Encana divested of approximately 511,000 net acres and approximately 4,720 net wells in the play.” 10-K for 2017 | divestiture | In the fourth quarter of 2017 | — |
Tuscaloosa Marine Shale (TMS) assets, east Louisiana and west Mississippi (approximately 144,000 net acres)Word for word“During 2017, Encana divested of approximately 550,000 net acres in Piceance located in northwestern Colorado for proceeds of approximately $605 million, after closing adjustments and the sale of approximately 144,000 net acres in Tuscaloosa Marine Shale (“TMS”) located in east Louisiana and west Mississippi.” 10-K for 2017 | divestiture | During 2017 | — |
Gordondale assets in MontneyWord for word“(1) During 2016, Encana divested of the Gordondale assets in Montney.” 10-K for 2017 | divestiture | During 2016 | — |
Newfield Exploration CompanyWord for word“On February 13, 2019, Encana completed its previously announced strategic business combination with Newfield Exploration Company (“Newfield”) pursuant to which an indirect, wholly-owned subsidiary of Encana merged with and into Newfield, with Newfield surviving the merger as an indirect, wholly-owned subsidiary of Encana (the “Newfield acquisition”).” 10-K for 2018 | acquisition | February 13, 2019 | — |
San Juan assets in New MexicoWord for word“• Completed the sale of the Company’s San Juan assets in New Mexico to DJR Energy, LLC on December 27, 2018.” 10-K for 2018 | divestiture | December 27, 2018 | — |
Pipestone liquids hub in AlbertaWord for word“• Completed the sale of the Company’s Pipestone liquids hub in Alberta to Keyera Partnership (“Keyera”), a subsidiary of Keyera Corp., in April 2018.” 10-K for 2018 | divestiture | April 2018 | — |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2018-12-31 | $0 |
Deal filings since 2016
- 2019-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Encana’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.