Encana Sells Colorado Assets for $900 Million

摘要

Encana said it has struck a deal to sell non - core assets in Colorado's Denver - Julesburg (DJ) Basin as the Canadian company continues to whittle down its portfolio to focus on core liquids - producing plays. A joint venture comprised of the Canada Pension Investment Board (95%) -- Canada's largest pension fund -- and the Broe Group (5%) will pay about $900 million for the assets, which extend across 51,000 net acres in northeastern Colorado.