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2014-03-17 08:06:00

ENCANA SELL WYOMING. WHO BUYS?

ENCANA SELL WYOMING. WHO BUYS?

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 LP and NGP Energy Capital Management LLC for about $2 billion, the Wall Street Journal reported on Sunday, citing unnamed sources.

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.

"We are testing the market in a few areas but are not providing comment…

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Tags: ENCANA, OIL, GAS, WYOMING
Chronicle:
ENCANA SELL WYOMING. WHO BUYS?
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