May 2016, Vol. 243, No. 5

Web Exclusive

Encana Looking To Divest $1 Billion in Canadian Shale Assets

Canadian oil and gas producer Encana is reportedly planning to sell off more major shale assets in western Canada, after the company reported earlier this month major loss for the year’s first quarter and fall of revenue. Encana, the second-largest gas producer in North America, is looking to sell its Godondale assets in the Montney Basin, which the company is developing in a joint venture with Mitsubishi Corporation. These assets could fetch up to US$774 million. Even though the company failed to comment on reports of the potential sale, media has noted that it has a Montney basin presentation to investors scheduled for 17 May. Last year, the company unloaded $2.8 billion in assets and i

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