Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/encana-reaches-agreement-to-sell-properties-in-eas.shtmlEncana reaches agreement to sell properties in East Texas
Encana Corporation announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an
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Encana Corporation announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an undisclosed purchaser, to sell certain properties located primarily in Leon and Robertson counties of East Texas for approximately $530 million.
"Consistent with our strategy, this transaction builds on our efforts to unlock value from properties within our massive asset base," says Doug Suttles, Encana President & CEO. "We remain focused on developing our core growth plays and extracting additional value from our base assets."
