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Encana completes $480MM San Juan Basin sale
EnCana completed the $480 million divestment of its San Juan Basin assets to Denver-based DJR Energy, expanding the latter’s position in the area to ~350,000 net acres focused in the oil window of the basin. For Encana, the sale comes as the company focuses on its five-year plan to boost liquids-weighted production from its four core areas, most recently through its $7.7 billion acquisition of US Midcontinent producer Newfield Exploration announced in early November......
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