December 2011, Vol. 238 No. 12

In The News

Encana Sells North Texas Natural Gas Assets For $975 million

Encana Oil & Gas (USA) Inc. plans to sell its North Texas natural gas producing properties to certain partnerships managed by EnerVest, Ltd. of Houston for $975 million. With completion of this divestiture, plus other non-core asset sales, Encana expects to have net divestitures of $1.7 billion by year-end, within its 2011 target of $1-2 billion. “The sale of this North Texas asset in the Barnett Shale is part of Encana’s ongoing portfolio optimization aimed at enhancing the long-term value of the company’s vast resource potential,” said Randy Eresman, Encana’s president and CEO. “Since we first acquired substantive Barnett Shale

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