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(Adds details, background) Oct 8 (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. Under Chief Executive Doug Suttles, Encana is transforming into a major oil producer by concentrating spending on regions rich in gas liquids and oil and selling off natural gas assets. The company in August sold its Haynesville natural gas assets in northern Louisiana for $850 million to GEP Haynesville LLC. Including the Denver Julesburg sale, cash proceeds from divestitures in 2015 will be about $2.7 billion, the company said. Encana said it expects to have reduced its net debt by $3 billion by end of the year. The Denver Julesburg deal is expected to close in the fourth quarter, the company said. (Reporting by Anannya Pramanick in Bengaluru; Editing by Sriraj Kalluvila)
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Encana Corporation
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EXPLORATEUR |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Encana est une société de production minière de pétrole et de gaz basée au Canada. Encana détient divers projets d'exploration au Canada. Son principal projet en exploration est BUFFALO HILLS au Canada. Encana est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,8 milliards CA$ (3,7 milliards US$, 3,3 milliards €). La valeur de son action a atteint son plus haut niveau récent le 23 novembre 2018 à 9,99 CA$, et son plus bas niveau récent le 24 janvier 2020 à 4,96 CA$. Encana possède 973 120 000 actions en circulation. |