The deal comes as the countries largest natural gas producer continues to put its focus on specific regions for growth.
The sale to Jupiter includes about 36,000 net acres of land along with Encana’s working interests in all pipelines and other facilities.
The total net proved reserves at the end of last year were about 1100 billion cubic feet, with about 3 quarters of the total being natural gas.
Also based in Calgary, Jupiter Resources is a portfolio investment of funds managed by affiliates of Apollo Global Management.
Apollo is American private equity firm headquartered in New York, with total assets estimated at $22.9 billion.