Encana finds investment partner for Wyo. natural gas field

Contango Oil & Gas' Exaro Energy will invest about $380 million in Encana Oil & Gas' Jonah natural gas field in Wyoming in exchange for shares in the field. Last year, Encana drilled approximately 71 wells in the field and produced 497 million cubic feet of natural gas equivalent. "We are pleased to be partners with our investment group and Encana in one of the premier gas fields in North America," said Kenneth Peak, chairman, CEO and director of Contango.

View Full Article in:

Star-Tribune (Casper, Wyo.) (tiered subscription model)

Published in Brief: