Birchcliff Energy purchase from Ovintiv
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.
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.