Encana Completes Sale of Its Jonah Field Operations in Wyoming for $1.8 Billion
CALGARY, ALBERTA -- (Marketwired) -- 05/12/14 -- Encana Corporation
(Encana) (TSX: ECA)(NYSE: ECA) announced today that its wholly-owned
subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously
announced sale of certain natural gas properties in the Jonah field
located in Sublette County, Wyoming to an affiliate of TPG Capital,
for a purchase price of approximately US$1.8 billion.
Encana is a leading North American energy producer that is focused on
developing its strong portfolio of resource plays, held directly and
indirectly through its subsidiaries, producing natural gas, oil and
natural gas liquids (NGLs). By partnering with employees, community
organizations and other businesses, Encana contributes to the
strength and sustainability of the communities where it operates.
Encana common shares trade on the Toronto and New York stock
exchanges under the symbol ECA.
Further information on Encana Corporation is available on the
company's website, www.encana.com.
SOURCE: Encana Corporation
Director, Investor Relations
Sr. Advisor, Investor Relations
Press spacebar to pause and continue. Press esc to stop.