Top

Encana Corporation

TSX Exchange | Oct 14, 2019, 12:25 AM EDT | Real-time price

ECA $ 5.84 RT
CHANGE
0.14 (2.4561%)
VOLUME
4,199,787
Day Low: 5.72
Day High: 5.86
 Back
Encana Closes on Sale of Arkoma Basin Natural Gas Assets
Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Canada NewsWire

CALGARY, Aug. 27, 2019 /CNW/ - Encana Corporation's (NYSE, TSX: ECA) wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., today closed on its previously announced sale of its natural gas assets in Oklahoma's Arkoma Basin. Proceeds from the sale will be used to reduce the Company's debt.

Encana's Arkoma assets included approximately 140,000 net acres of leasehold and production of approximately 77 million cubic feet equivalent per day (98% natural gas). The Company's full-year proforma production guidance range of 560 – 600 thousand barrels of oil equivalent per day remains unchanged.

CIBC Griffis & Small provided advisory services to Encana for the transaction. Davis, Graham & Stubbs LLP served as Encana's external legal counsel.

Further information on Encana Corporation is available on the Company's website, www.encana.com, or by contacting:

Investor contacts:

(281) 210-5110 
(403) 645-3550

Media contact:

(281) 210-5253

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/encana-closes-on-sale-of-arkoma-basin-natural-gas-assets-300907950.html

SOURCE Encana Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/27/c7014.html

Copyright CNW Group 2019

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.