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Encana Said to Explore Sale of Haynesville Gas Properties

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Encana Corp. is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, people with knowledge of the matter said.

Citigroup Inc. is soliciting offers for Encana’s Haynesville Shale basin acreage, valued at as much as $1 billion, said the people, who asked not to be identified because the information is private. The bank has begun reaching out to private-equity firms, energy explorers and other potential buyers, the people said.