Reuters: Mergers News: Encana looks for partners in a number of regions

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Encana looks for partners in a number of regions Mar 29th 2012, 13:35 SINGAPORE, March 29 | Thu Mar 29, 2012 9:35am EDT SINGAPORE, March 29 (Reuters) - Encana Corp is looking for a joint venture partner to help it develop a number of oil and natural gas assets in North America, Chief Executive Randy Eresman said. The Canadian company is looking for a single partner for a package of assets that could include Encana's position in the Collingwood shale, the Tuscaloosa Marine shale, the Mississippi Lime and the Eaglebine shale in the United States, Eresman said, speaking on the sidelines of a conference in Singapore. The package of assets could also include the company's position in Canada's Duvernay shale, he said. "One of the things we have been trying to do is to get more liquids, particularly oil, in our portfolio," Eresman said. "But because of the high initial cost on that, we think it might be best to reduce our risk so to accelerate that point of commercialization by bringing in another party."

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