Encana in talks to sell Wyoming natgas field to Carlyle, NPG - Reuters
Canadian oil and gas producer Encana Corporation is in advanced talks to sell its Wyoming natural gas field to private equity firms Carlyle Group and NGP Energy Capital Management for about $2 billion, according to the Wall Street Journal, writes Reuters. The company has been looking to sell its holdings in the so-called Jonah field as it shifts its focus away from natural gas to drilling for more valuable oil and natural gas liquids, the report said.
17 March 2014•1 min read
