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EnCana Buys 500 Bcf of Rockies Reserves from El Paso for $292M

Less than two weeks after being formed by a merger of AEC and PanCanadian, EnCana Corp. has embarked on a major expansion of its Rocky Mountain region producing assets by purchasing 500 Bcf of long-life natural gas and associated natural gas liquids reserves and about 338,000 net acres of land in northwestern Colorado from El Paso Corp. (see Daily GPI, April 5)

April 22, 2002