Encana Oil & Gas USA To Sell Its San Juan Assets - Quick Facts

(RTTNews) - Encana Corp. (ECA, ECA.TO) announced that its subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets, located in New Mexico for $480 million to Denver-based DJR Energy, LLC.

Encana's San Juan assets include approximately 182,000 net acres. In 2017, the assets delivered average production of approximately 5,400 barrels of oil equivalent per day including 3,900 barrels per day of liquids.

"This transaction is consistent with our strategy and our objective of delivering quality returns to our shareholders. It adds to our financial strength and is aligned with our focus on maximizing the value of our assets and disciplined allocation of capital," said Doug Suttles, Encana CEO.