Oil & Gas Operators

Encana Completes Sale of Its Bighorn Assets in Alberta for US$1.8 Billion




CALGARY, AB –(Marketwired – September 30, 2014) – Encana Corporation (Encana) (TSX: ECA) (NYSE: ECA) has completed the previously announced sale of its Bighorn assets in Alberta to Jupiter Resources for a purchase price of approximately US$1.8 billion (C$2.0 billion). The sale includes approximately 360,000 net acres of land along with all of Encana’s working interests in pipelines, facilities and service arrangements related to the Bighorn properties.

Encana Corporation

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.

SOURCE: Encana Corporation

FOR FURTHER INFORMATION PLEASE CONTACT:

Further information on Encana Corporation is available on the company’s website, www.encana.com, or by contacting:


Investor contact:

Brian Dutton

Director, Investor Relations

(403) 645-2285



Patti Posadowski

Sr. Advisor, Investor Relations

(403) 645-2252



Media contact:

Jay Averill

Director, Media Relations

(403) 645-4747



Doug McIntyre

Media Relations

(403) 645-6553









Source: Encana Corporation

News Provided by Acquire Media



Source Article from http://www.encana.com/news-stories/news-releases/details.html?release=873890

Previous post

Encana Announces Transformative Acquisition of Athlon Energy to Establish a Premier Oil Position in the Permian

Next post

Encana Reaches Agreement to Sell Clearwater Assets to Ember Resources for C$605 Million