Encana Completes Sale of Its Piceance Natural Gas Assets

Encana Corporation announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC (Caerus).

BMO Capital Markets served as Encana’s financial advisor and Davis, Graham & Stubbs acted as Encana’s external legal counsel for the transaction. Evercore and TD Securities acted as financial advisors for Caerus and Vinson & Elkins and Thompson & Knight acted as legal counsel. Debt financing for Caerus was underwritten by TD Securities, J.P. Morgan and Wells Fargo Bank.

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