• Kelowna's Homepage
  • Vernon's Homepage
32492
27282

Business  

Canadian Press NewsAlert: Encana to buy Texas oil land for $3.1 billion

CALGARY - Encana Corp. (TSX:ECA) says it has reached an agreement to acquire 45,500 net acres of oil-producing property in south Texas for $3.1 billion.

The Calgary-based energy producer says the deal with Freeport-McMoRan is for land produced about 53,000 barrels of oil equivalent per day in the first quarter of 2014.

More to come.



More Business News

Recent Trending
32011
Member of the RTNDA
32369
Press Room
32521