-21.4 C
Fort St. John
Thursday, February 21, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home News Encana sells Bighorn assets to Apollo

Encana sells Bighorn assets to Apollo

Advertisement

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.

- Advertisement -

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.

get the latest news in your inbox

Author

Advertisement

Local Events

Must Read

NPHL Semi-Finals to start this Thursday

FORT ST. JOHN, B.C. - The NPHL Semi-Finals will be starting this Thursday, February 21.Four teams will be battling it out in a best...