Encana to sell Haynesville assets for USD 850 million

摘要

Canadian firm Encana plans to reduce its net debt by selling gas assets in northern Louisiana to GEP Haynesville for USD 850 million later this year. The assets comprise around 720 Bcf (20.4 Bcm) of proven gas reserves and approximately 300 wells in the Haynesville basin, currently the third most prolific shale gas region in the country.