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Caerus Oil and Gas

Company Summary

Description

The Company intends to invest, in a contrarian strategy, in upstream oil and gas assets. The overall strategy includes a combination of acquisition, optimization and development activities.

Website

http://caerusoilandgas.com/history/

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Company Transactions

Date: 7/26/2017
Type: Acquisition

BUYERS:
  • Caerus Oil and Gas
    • SELLERS:
  • Encana Corporation
    • DETAILS:

    COST: 735 $MM

    VOLUMES: 253 Mmcfe/d

    ACRES: 550000 Acres

    NOTES:
    Encana’s Piceance assets include approximately 550,000 net acres of leasehold and approximately 3,100 operated wells which produced an average 240 million cubic feet per day (MMcf/d) of natural gas and 2,178 barrels per day (bbls/d) of liquids through the first quarter of 2017. Estimated year-end 2016 proved reserves were 814 billion cubic feet equivalent (Bcfe).
    REGIONS:
  • Piceance Basin