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CALGARY - Encana Corporation's wholly owned subsidiary, Newfield Exploration Mid-Continent, closed on its previously announced sale of its natural gas assets in Oklahoma's Arkoma Basin. Proceeds from the sale will be used to reduce debt.
Encana's Arkoma assets included approximately 140,000 net acres of leasehold and production of approximately 77 MMcfd (98% natural gas). Encana’s full-year proforma production guidance range of 560,000 – 600,000 boepd remains unchanged.
Unconventional natural gas has become a global hotspot. It is changing the pattern of the world energy. Shale gas will become one of the three energy resources in the next 20 years. Read More >
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