this is big $$ and the mgmt have experience....including encana

Canbriam is a new private exploration and production company focused on creating greater than a $1BB asset value (AV) mid-cap company with $300MM of private equity investment. Canbriam’s investment partners include Warburg Pincus and ARC Financial.

Warburg Pincus, a New York based private equity firm, has been a leading private equity investor since 1971. The firm currently has more than $20 billion of assets under management with more than $10 billion available for investment.
About ARC Financial

ARC Financial Corp. is a Calgary-based private equity investment firm founded in 1989. The five ARC Energy Funds represent C$1.9 billion of capital and are focused exclusively on investment in the energy sector.

Canbriam team was built with accomplished E&P professionals with proven track records to capitalize on exploiting large scale unconventional reservoirs, one of the most significant growth arenas for North American Energy supply. The team possesses diverse and comprehensive technical and commercial expertise and deploys a fully integrated technical and commercial approach to exploration and production.