Encana to sell Denver Julesburg basin assets for $900 mln

encana_logoOct 8, 2015(Reuters) – Encana Corp said it would sell its Denver Julesburg basin assets in Colorado for $900 million, the latest divestitures by the Canadian oil and gas producer as it focuses on its high-value gas liquids and oil properties.

The company will sell all of its Denver Julesburg acreage comprising 51,000 net acres to a joint venture owned by Canada Pension Plan Investment Board (CPPIB) and real estate manager Broe Group, Encana said on Thursday.

The assets produced an average of 52 million cubic feet per day of natural gas and 14,800 barrels per day of crude oil and natural gas liquids, Encana said.

 

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