Encana

Encana Corp. is selling close to 90,000 net acres of natural gas-rich properties in the Deep Bossier play of East Texas for $530 million, the company said Tuesday.

Ferus Natural Gas Fuels Inc. (NGF) has bought out Encana Corp.’s half-stake in the companies’ joint venture (JV) liquefied natural gas (LNG) production facility in Elmworth, AB, which is set to start up in May.

Encana Corp. is readying a spinoff of PrairieSky Royalty Ltd. to create one of Canada’s largest energy royalty companies with 5.2 million acres in Alberta that extend to the U.S. border.

Two of North America's largest natural gas producers on Wednesday pleaded not guilty to charges that they conspired in a 2010 Michigan lease sale.

Chesapeake Energy Corp. and Encana Corp.'s U.S. division pleaded not guilty on Wednesday to colluding in Michigan oil and gas lease sales.

Encana Corp., strapped for cash and ready to deal, is said to be in advanced talks to sell for close to $2 billion its holdings in the Jonah field in Wyoming, a natural gas behemoth whose attraction has dwindled steadily over the past few years.

Chesapeake Energy Corp. and the U.S. arm of Encana Corp. on Wednesday were formally charged by Michigan officials for allegedly collaborating in 2010 to avoid bidding against each other in state oil and natural gas lease sale.

Chesapeake Energy Corp. and Encana Corp. representatives are scheduled to be arraigned in a Michigan county district court on March 19 after the companies were formally charged Wednesday for allegedly participating in a criminal conspiracy in 2010 to avoid bidding against each other in a state oil and natural gas auction.

A strategy shift by natural gas heavyweight Encana Corp. helped the independent to increase its onshore liquids output in the final period of 2013 by 82%, with full-year production 74% higher.