Encana’s DJ basin sale to close in second quarter
CALGARY, Alberta -- Encana Corp.’s wholly owned subsidiary, Encana Oil & Gas (USA) Inc., expects the sale of its DJ basin assets to Crestone Peak Resources—95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group—to close in the second quarter of 2016.
Encana and Crestone Peak Resources remain committed to closing this transaction and Crestone Peak Resources has increased its deposit, Calgary-based Encana said in a statement.
Material terms of the transaction, including the purchase price, remain unchanged. The sale has an effective date of April 1, 2015 and includes all of Encana's DJ basin acreage in Colorado, comprising 51,000 net acres.
