Calgary energy producer Encana sells Bighorn assets for US$1.8 billion

摘要

Encana Corp. is selling its Alberta-based Bighorn natural gas properties to Jupiter Resources for about US$1.8 billion, as the Calgary energy producer puts its focus on specific regions for growth. Encana said Friday that it hasn't been putting a lot of investment in its Bighorn assets this year. "This transaction advances our strategy by unlocking value from our portfolio as we focus on developing our core growth plays and extracting additional value from our base assets," CEO and President Doug Suttles said in a news release.