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Encana Reaches Agreement to Sell Properties in East Texas
Encana Corporation (Encana) (TSX:ECA)(NYSE:ECA), announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an undisclosed purchaser, to sell certain properties located primarily in Leon and Robertson counties of East Texas for approximately $530 million.

Encana Continues Bold Change With US$3.1 Billion Oil-Rich Eagle Ford Acquisition
In a bold strategic move, Encana (TSX:ECA)(NYSE:ECA) will significantly accelerate its plan to transition its portfolio and grow shareholder value through an agreement reached with Freeport-McMoRan for Encana's wholly owned subsidiary, Encana Oil & Gas (USA) Inc., to acquire approximately 45,500 net acres in Karnes, Wilson and Atascosa counties of south Texas for about US$3.1 billion. The acreage produced approximately 53,000 barrels of oil equivalent per day (boe/d) in the first quarter of 2014 and has an estimated drilling inventory of more than 400 locations. The area is widely known as being in the heart of the oil-rich Eagle Ford resource play. The deal, which Encana anticipates will be accretive to 2014 cash flow, will approximately double the Company's current oil production and significantly enhance its continuing efforts to reposition to a more balanced commodity portfolio.

Encana to Sell Its Jonah Field Operations in Wyoming to an Affiliate of TPG Capital for $1.8 billion
Encana Corporation (Encana) (TSX:ECA) (NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an affiliate of TPG Capital (TPG) to sell certain natural gas properties in the Jonah field located in Sublette County, Wyoming, for a purchase price of approximately US$1.8 billion.

Encana Announces the Production Acceptance Notice at Deep Panuke Offshore Project
Encana Corporation (TSX:ECA) (NYSE:ECA) today announced the Production Acceptance Notice (PAN) at the Company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 million cubic feet per day (MMcf/d) of natural gas from four wells.

Encana Announces Joint Venture to Develop Duvernay Lands
Encana Corporation (TSX: ECA) (NYSE: ECA) (Encana) has entered into a joint venture arrangement with Phoenix Duvernay Gas (Phoenix), a wholly owned subsidiary of PetroChina, to explore and develop Encana's extensive undeveloped Duvernay land holdings in west-central Alberta. Under the terms of the agreement, Phoenix will gain a non-controlling 49.9% interest in Encana's approximately 445,000 acres in the Duvernay play for total consideration of C$2.18 billion.

Toyota Tsusho invests C$600 million in Encana's coalbed methane..
Encana Corporation (TSX, NYSE: ECA) has reached an agreement with Toyota Tsusho Wheatland Inc., a subsidiary of Toyota Tsusho Corporation, that will see the Japanese company invest approximately C$602 million to acquire a 32.5 percent royalty interest in natural gas production from a portion of Encana's coalbed methane (CBM) resource play. The agreement includes production from a total of about 5,500 existing wells and potential future drilling locations in southern Alberta.

Mitsubishi Corporation to Invest in Encana's Natural Gas Development Project in British Columbia, Canada
Mitsubishi Corporation (“MC”) has announced that today it has agreed to acquire a 40% Partnership interest in the Cutbank Ridge Partnership (“CRP”), which was formed to develop a natural gas asset located in the Montney land of northeastern British Columbia, Canada. CRP was originally formed by Encana Corporation (Headquarters: Calgary), Canada’s largest natural gas producer, and an Encana affiliate. CRP holds 409,000 net acres of high-quality undeveloped Montney land, plus additional undeveloped similar size land targeting other opportunities including Cadomin and Doig geological formations. The transaction is scheduled to close by the end of February 2012.

Encana and Mitsubishi enter into partnership for development of.
Encana Corporation (TSX, NYSE: ECA) has entered into an agreement with Mitsubishi Corporation that will see the Japanese global integrated business enterprise invest approximately C$2.9 billion for a 40 percent interest in the Cutbank Ridge Partnership. The Partnership holds about 409,000 net acres of Encana's undeveloped Montney-formation natural gas lands in the company's Cutbank Ridge resource play in northeast British Columbia. Through the Cutbank Ridge Partnership, Encana and Mitsubishi plan to create long-term shareholder value by jointly developing production capacity to deliver abundant natural gas to markets for decades ahead.

Veresen Announces Satisfaction of all Conditions Precedent to the Completion of the Previously Announced Acquisition of Canadian
Veresen Inc. ("Veresen") (TSX: VSN) is pleased to announce that all conditions precedent for its previously announced acquisition (the "Acquisition") of the Hythe/Steeprock midstream gas gathering and processing complex from Encana Corporation have been satisfied. The Hythe/Steeprock complex includes two natural gas processing plants with combined functional capacity of 516 MMcf/d as well as approximately 40,000 hp of compression and 370 km of gas gathering lines. The parties anticipate closing the Acquisition on or about February 9, 2012.

Veresen Announces $920 Million Investment in the Montney with Strategic Acquisition of Canadian Midstream Assets and Acquisition
Veresen Inc. ("Veresen") (TSX: VSN) is pleased to announce today that, through a wholly-owned subsidiary, it has entered into agreements with Encana Corporation ("Encana") (TSX, NYSE: ECA) to acquire the Hythe/Steeprock midstream gas gathering and processing complex for $920 million. These assets are located in the Cutbank Ridge region of Alberta and British Columbia. Natural gas and natural gas liquids in the region are produced from the prolific Montney, Cadomin and other geological formations.