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Encana Oil & Gas Completes Eagle Ford Acquisition

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June 23, 2014

Encana Oil & Gas (USA) Inc. completed its acquisition of about 45,500 net acres in Atascosa, Karnes and Wilson counties in South Texas from Freeport-McMoRan, Encana Corp. (TO: ECA.TO, NYSE: ECA) said June 20.

The transaction was worth $3.1 billion, Encana Corp. said.

The Eagle Ford acreage produced about 53,000 barrels of oil equivalent per day in the first quarter of 2014, Encana Corp. said, noting that the area might have more than 400 drilling locations.

The deal will benefit the year’s cash flow, Encana Corp. said, adding that it ...

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