10/08/2015 03:03 EDT | Updated 10/08/2016 01:12 EDT

Encana to sell Colorado oil-gas assets for US$900 million to CPP-led group

CALGARY — Encana Corp. (TSX:ECA) has agreed to sell some of U.S. oil and gas assets for about US$900 million cash to a partnership headed by Canada Pension Plan Investment Board. The deal includes 51,000 acres of land in northeastern Colorado. CPPIB will own 95 per cent of the DJ Basin assets and the Broe Group will own five per cent.