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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.

date.png24 Apr 2012 11:32 | comments.png 0 Comments | tags.png canada cbm deals encana n-america toyota-tsusho upstream [ More ]
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