EnCana sells oil and gas assets for $395 million
Canadian exploration & production company EnCana Corp last Thursday sold oil and natural gas assets producing 16,800 barrels of oil equivalent a day (boe/d), to Harvest Energy Trust for US$395 million.
Calgary-based EnCana plans to use the from both sales for general corporate purposes, including debt repayment.
Harvest is a Calgary-based energy royalty trust formed in July 2002.
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