108/PROVED BOE

摘要

At 18 per proved Mcfe,the EnCana Corp./Leor Energy deal is huge-quite possibly one of the most aggressive prices paid in recent industry history.Just two years ago,eyebrows were raised by Norsk Hydro's offer of 2.5 billion for Spinnaker Exploration's 129 million proved barrels of oil equivalent in the deepwater Gulf of Mexico,or about 20 per proved BOE.The EnCana/Leor deal equivalent value is 108 per proved BOE on a 6:1 gas/oil basis.