One-Page Deal Sheet
Encana Agrees To Sell Interest In Horn River Gas Plant
Not Disclosed Ovintiv Inc
Announced Date
October 07,2011
Transaction Type
Asset
Transaction Details: Subscribe to see
Encana Corporation has reached an agreement to sell its interest in the Cabin Gas Plant in the Horn River Basin of northeast British Columbia to Enbridge Inc. for approximately C$220 million at closing, which is expected in December 2011. The agreement covers Encana’s interest of approximately 52 percent in the first two phases of the natural gas processing plant, which has regulatory approval for total processing capacity of 800 million cubic feet per day (MMcf/d).
“This sale is another example of Encana redirecting midstream capital into our higher-return core business of growing natural…
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