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Encino Acquisition Partners

Company Summary

Description

Encino Acquisition Partners (EAP) will focus on U.S. oil and gas acquisition opportunities. CPPIB has committed up to US$1.0 billion to EAP and Encino has committed US$25 million.

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Recent news

  • 7/30/2018 - Encino Acquisition... (subscriber access)
  • 6/28/2017 - Canada Pension Plan... (subscriber access)

Company Transactions

Date: 11/15/2018
Type: Acquisition

BUYERS:
  • Encino Acquisition Partners
    • SELLERS:
  • Chesapeake Energy Corporation
    • DETAILS:

    COST: 2 $B

    VOLUMES: 600 Mmcfe/d

    ACRES: 900000

    NOTES:
    EAP intends to run multiple rigs on the assets once the deal closes to boost production and cash flows. CPPIB will invest $1.0 billion into EAP, and will hold 98% of the partnership while Encino Energy will operate the assets.
    REGIONS:
  • Utica