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United States

Encana Corp (ECA.N)

ECA.N on New York Stock Exchange

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25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Encana Corp reaches agreement to sell its DJ Basin Assets for $900 mln
Thursday, 8 Oct 2015 06:39am EDT 

Encana Corp:Reaches agreement to sell its dj basin assets for US$900 million.Company expects to have reduced its net debt in 2015 by approximately $3 billion by year-end.Says transaction includes all of encana's dj basin acreage comprising 51,000 net acres.Transaction includes all of encana's dj basin acreage comprising 51,000 net acres.Will use the cash proceeds to further strengthen its balance sheet and create greater flexibility in this market environment.To sell Denver julesburg assets in Colorado to new entity 95% owned by Canada pension plan investment board and 5% by broe group.Says unit, Encana Oil & gas (USA) inc., reached agreement to sell its Denver julesburg (dj) basin assets in Colorado.During first half of 2015, encana's dj basin assets produced an average of 52 million cubic feet per day (mmcf/d) of natural gas.  Full Article

BRIEF-Encana completes sale of its Piceance natural gas assets

* Encana completes sale of its Piceance natural gas assets Source text for Eikon: Further company coverage: