Encana Sells Colorado Oil and Gas Assets to DJR Energy
Encana Corporation (Encana) announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its San Juan asset in New Mexico to Denver-based DJR Energy.“This transaction continues our track record of unlocking value from non-core assets,” said Doug Suttles, Encana President & CEO. “The proceeds from this sale add to our financial strength and strongly support our commitment to our $1.25 billion share buyback…
Oil Exec McClendon Faces US Antitrust Probe
Aubrey McClendon, the former CEO of Chesapeake Energy Corp, is under investigation by the U.S. Department of Justice for potential antitrust violations related to leasing oil and gas properties, according to a regulatory filing by a new business venture he helps run. The disclosure, from American Energy Capital Partners-Energy Recovery Program LP, is the first to say the executive is personally facing government scrutiny. Chesapeake Energy Corp has previously disclosed it was cooperating with a government probe into possible antitrust violations.
Stabilis to Close Encana Natural Gas Acquisition
Combined Company to Be a Leading Provider of Liquefied Natural Gas Fueling Solutions to High Horsepower Engines. Stabilis Energy announced that it has closed its previously announced acquisition of substantially all of the U.S. based assets of Encana Natural Gas Inc. (ENGI). Denver-based ENGI is a distributor of liquefied natural gas (LNG) fuel to domestic high horsepower engine operators in the oilfield, mining, rail, marine, over the road transportation, and industrial sectors. ENGI is a subsidiary of Encana Corporation. Terms of the transaction were not disclosed.