The transaction is comprised of natural gas properties in northeast Alberta with proved reserves estimated to be approximately 66 billion cubic feet, after royalties, as of the July 1, 2004 evaluation. The sale is subject to typical post-closing adjustments.
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EnCana To Get Rid of Assets
EnCana Corporation is realizing a divestiture program
Canadian oil and gas company EnCana Corporation has reached agreement to sell conventional natural gas assets producing approximately 7,250 barrels per day, to a Calgary-based oil and gas producer for US$219 million.
The transaction is comprised of natural gas properties in northeast Alberta with proved reserves estimated to be approximately 66 billion cubic feet, after royalties, as of the July 1, 2004 evaluation. The sale is subject to typical post-closing adjustments.
This sale or these assets is part of a divestiture program of EnCana, which has acquired Texas energy company Tom Brown, Inc. in April.
The transaction is comprised of natural gas properties in northeast Alberta with proved reserves estimated to be approximately 66 billion cubic feet, after royalties, as of the July 1, 2004 evaluation. The sale is subject to typical post-closing adjustments.
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