Brookfield’s Ember Resources closes buy of Encana assets for $605 mln
Ember Resources Inc has closed its previously announced purchase of certain Clearwater natural gas assets in Alberta from Encana Corp. The final purchase price was $605 million. Based in Calgary, Ember is a coal-bed methane (CBM) producer. As reported by peHUB Canada in December, the Clearwater acquisition was Ember's second in 2014. Last May, it also bought Encana's CBM properties in Alberta’s Nevis region. Taken private in 2011, Ember is a portfolio company of the private equity group of Brookfield Assets Management.
16 January 2015•5 mins read
