The assets include 112,000 net acres of leasehold primarily in DeSoto and Red River Parishes—plus additional fee mineral lands—where Encana operates 300 wells. Estimated yearend 2014 proved reserves were 720 bcf of gas equivalent. As part of the deal, Encana will reduce its gathering and midstream commitments, which will be substantially complete through 2020, through the transfer of current and future obligations. The company also will transport and market GeoSouthern's Haynesville production on a fee-for-service basis over the next 5 years. Encana plans to use the total cash consideration to reduce its net debt. During the first half, the assets produced an average of 217 MMcfd, contributing 9% to companywide production and fewer than 2.5% to Encana's first-half operating cash flow, excluding hedges.