March 16 Canadian oil and gas producer Encana
Corporation is in advanced talks to sell its Wyoming
natural gas field to private-equity firms Carlyle Group LP
and NGP Energy Capital Management LLC for about $2
billion, the Wall Street Journal reported on Sunday, citing
The company has been looking to sell its holdings in the
so-called Jonah field as it shifts its focus away from natural
gas to drilling for more valuable oil and natural gas liquids,
the report said.
Representatives for the Carlyle Group and Encana were not
immediately available for comment.
The Carlyle Group acquired a 47.5 percent stake in energy
investor NGP Energy Capital Management for $424 million in
December 2012 to boost its natural resources investments.