Aethon Energy and RedBird Capital acquire Encana's Moneta Divide assets

Aethon Energy Management LLC, a Dallas, Texas-based private investment firm focused on onshore oil and gas, together with its partner, RedBird Capital Partners LLC, have acquired the Moneta Divide assets from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corp. (TSX: ECA) (NYSE: ECA). 

The Moneta Divide assets comprise approximately 188,000 net acres in Wyoming in the Wind River Basin. 

Terms of the negotiated transaction were not disclosed.

Aethon was advised by Capital One Securities Inc., Crowley Fleck PLLP, and Weil, Gotshal & Manges LLP. RedBird was advised by Evercore and Gardere Wynne Sewell LLP.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...