CALGARY, Alberta, Dec. 22 (UPI) -- Canadian energy company Encana Corp. said it's on pace to close on the sale of its shale assets in Colorado to a Canadian pension board by mid 2016.
Encana, which has headquarters in Calgary, is set to receive about $900 million in exchange for the sale of assets in the Denver-Julesburg shale basin in Colorado to an entity controlled in part by Canada Pension Plan Investment Board.