Exploration & Production | Top Story | Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity
Encana to Cash In Jonah Field; Inks Billion-Dollar Divestiture Deal
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Encana Corp. subsidiary Encana Oil & Gas (USA) Inc. has entered into a deal whereby it will let go of its vast Wyoming Jonah assets in a deal worth over $1.0 billion.
Doug Suttles, Encana President & CEO, commented: "This transaction is consistent with our strategy. With the divestment of Jonah, we are unlocking value from a mature, high-quality asset and allowing our teams to focus on our five core growth areas and continue with execution of our new strategy."
Click here to read more about this deal in Shale Experts' A&D Database.
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