and Tristone Capital LLC were advisors to Exco. : Stock quote, stock chart, quotes, analysis, advice, financials and news for share ENCORE ENERGY SYSTEMS, INC. (ESi) is an engineering & scientific investigation & analysis firm uniquely positioned to provide clients with superior results. today announced that the challengers to the Nuclear Regulatory Commissions granting of a. The effective date is April 1.Įncore intends to finance the acquisition through proceeds from the sale of certain properties in the Rockies and Permian Basin to MLP subsidiary Encore Energy Partners LP (NYSE: ENP) for $190 million in cash and borrowings under its revolving credit facility for the remaining amount. NYSE American:EU TSXV:EU FUELING THE FUTURE Encore Energy Corp. The sale includes approximately 66,700 net acres, of which approximately 7,000 acres are undeveloped, as well as gathering systems and compression facilities.Ĭlosing is expected in August. The right windows for you will provide you with the maximum savings and benefits. per day, and a reserve-to-production ratio of 11.6 years. This means large savings of 100 each and every year. equivalent (100% proved developed producing 72% gas), production of 5,795 bbl. Encore estimates total proved reserves to be 24.6 million bbl. Current net production includes 1,223 bbl. The East Texas reserve-to-production ratio is 11.1 years.Īs of year-end 2008, according to Exco estimates, the total estimated proved reserves were 4.7 million bbl. equivalent (95% gas 100% proved developed producing), with total East Texas reserves of 11.8 million bbl. Gladewater’s estimated proved developed reserves are approximately 10.3 million bbl. The East Texas properties include 495 gross wells with forecasted production of approximately 17.3 million cu. The East Texas properties include long-life assets in Gregg, Upshur and Smith counties, mainly in Gladewater Field and including Overton Field which produce primarily from the Cotton Valley sands. The Norge Marchand reserves represent approximately 63% of the Midcontinent package. equivalent (50% oil and gas liquids 100% proved developed producing) with a reserve-to-production ratio of 12.1 years. The Midcontinent package has estimated proved developed reserves of approximately 12.8 million bbl. The acquired properties also include assets in the Texas Panhandle, southwestern Kansas, and western Oklahoma. of oil equivalent per day, and the field is 100% operated. Forecast production for the unit is 1,955 bbl. The Midcontinent properties are comprised of assets primarily in the Norge Marchand Unit in Grady County, Oklahoma, a waterflood that produces from the Marchand sandstone and has estimated original oil in place of 200 million bbl. Meritorious Awards for Engineering Innovation (MEAs)Įncore Acquisition Co., Fort Worth, Texas, (NYSE: EAC) plans to acquire properties in the Midcontinent and East Texas from Exco Resources Inc., Dallas, (NYSE: XCO) for $375 million in cash.Rextag database of energy infrastructure assets Prices for top E&P stocks and commodities. Information on assets, buyers and sellers, deal values, and more.Ī searchable database of oil and gas debt and equity offerings.
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