Japanese company invests C$602 million in Encana CBM development

摘要

Encana Corporation has reached an agreement with Toyota Tsusho Wheatland Inc., a subsidiary of Toyota Tsusho Corporation, which will see the Japanese company invest approximately C$602 million to acquire a 32.5 per cent royalty interest in natural gas production from a portion of Encana's coal-bed methane (CBM) resource play.The agreement includes production from a total of about 5,500 existing wells and potential future drilling locations in southern Alberta.