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Encana Corporation’s subsidiary, Encana Oil & Gas (USA) Inc., reached a sales agreement for its Haynesville natural gas assets in northern Louisiana. The company will sell all assets to GEP Haynesville, LLC, a JV formed by GeoSouthern Haynesville, LP. In addition to the $850 million transaction, Encana will transport and market GeoSouthern’s Haynesville production on a fee-for-service basis for the next five years. The natural gas assets being sold include approximately 112,000 net acres of leasehold, approximately 300 wells, as well as additional fee mineral lands. Collectively, this represents Encana’s entire position in northern Louisiana.

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