The Company funded the acquisition with proceeds from the sale of certain oil and natural gas properties in the Rockies and Permian Basin to Encore Energy Partners LP (NYSE: ENP), which also closed today, and borrowings under its revolving credit facility.

About the Company

Encore Acquisition Company is engaged in the acquisition and development of oil and natural gas reserves from onshore fields in the United States. Since 1998, Encore has acquired producing properties with proven reserves and leasehold acreage and grown the production and proven reserves by drilling, exploring, reengineering or expanding existing waterflood projects, and applying tertiary recovery techniques.

A service of YellowBrix, Inc.