Encana to sell Wyoming-based natural gas assets to TPG for $1.8 bln
Encana Oil & Gas (USA) Inc, a subsidiary of Encana Corp, has agreed to sell certain natural gas assets in Wyoming's Jonah field to U.S. private equity firm TPG Capital for approximately US$1.8 billion. Evercore and Davis Graham & Stubbs advised Encana on the transaction, while Vinson & Elkins advised TPG. Headquartered in Calgary, Encana Corp is a North American energy producer of natural gas, oil and natural gas liquids. Update: Encana's Jonah field comprises a total productive area of about 24,000 acres and over 1,500 active wells. Its acquisition by TPG is expected to close in the second quarter of 2014, with an effective date of December 1, 2013.
31 March 2014•3 mins read
