Sign Up for FREE Daily Energy News
 
BREAKING NEWS:
WEC - Western Engineered Containment
Hazloc Heaters
Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy
WEC - Western Engineered Containment

Encana Corp. selling assets Oklahoma’s Arkoma Basin for $165 million


CALGARY — Encana Corp. says its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., has signed a deal to sell its natural gas assets in Oklahoma’s Arkoma Basin for $165 million.

The buyer was not disclosed.

The assets produce the equivalent of approximately 77 million cubic feet of gas per day.

Encana chief executive Doug Suttles says the deal shows the company’s commitment to value from its non-core assets.

The agreement is subject to closing conditions, regulatory approvals and other adjustments.

It is expected to close in the third quarter.

Companies in this story: (TSX:ECA)

The Canadian Press




Share This:



More News Articles


New SHOWCASE Directory Companies

 

Alliance Borealis Canada Corp.
Kicker Video
U of C Executive Education
Millennium Directional
Stress Engineering
RAE Engineering
DRYAIR Manufacturing Corp.
John Brooks