# Encana selling Newfield's Arkoma assets
**URL:** https://www.mineralrightsforum.com/t/encana-selling-newfields-arkoma-assets/48192
**Category:** Oklahoma Mineral Rights
**Created:** [July 8, 2019, 10:58pm UTC](https://www.mineralrightsforum.com/t/encana-selling-newfields-arkoma-assets/48192 "2019-07-08T22:58:19Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 8, 2019, 10:58pm UTC](https://www.mineralrightsforum.com/t/encana-selling-newfields-arkoma-assets/48192/1 "2019-07-08T22:58:19Z")
Hart Energy reported :
Encana Corp. is selling off its Arkoma Basin position as the Calgary, Alberta-based company continues to digest the slew of assets it acquired earlier this year from its [multibillion-dollar deal for U.S. independent Newfield Exploration Co.](https://www.hartenergy.com/transactions/encana-combine-newfield-exploration-55-billion-all-stock-transaction-154915)
An undisclosed company agreed to buy the Arkoma assets, comprising roughly 140,000 net acres of leasehold in Oklahoma, Encana said in a July 8 release. Production from the assets is currently about 77 million cubic feet equivalent per day, 98% of which is natural gas.
Encana said it will receive $165 million cash from the Arkoma exit, which is in line with estimates made by analysts with Tudor, Pickering, Holt & Co. (TPH) in a research note on July 8. The TPH analysts also noted that the Arkoma sale represents the second of Newfield’s legacy assets to go.
---
### Author:  [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [January 12, 2025, 12:51pm UTC](https://www.mineralrightsforum.com/t/encana-selling-newfields-arkoma-assets/48192/2 "2025-01-12T12:51:24Z")