Birchcliff Energy purchase from Ovintiv

Birchcliff Energy purchase from Ovintiv

By Brian Hamm
January 1, 2016

Birchcliff acquired 100% of Encana’s (Ovintiv) Gordondale assets in northwestern Alberta for $625 million in cash. The deal was effective on January 1st and closed July 28th 2016. The main target in the field is the Lower Montney.

54,000 net acres

$625 million

50 MMBOE TP Reserves<

$25,000/Flowing BOE

Historical Oil Production


The assets have an inventory of oil and liquids weighted drilling locations that complement Birchcliff’s existing Montney/Doig inventory and will provide Birchcliff with an opportunity to drill oil wells and liquid- rich Montney/Doig natural gas wells in a similar area to where Birchcliff’s management and technical team have a proven track record to efficiently integrate, optimize and grow the assets being acquired.

Birchcliff Press Release