EnCana and AltaGas Complete Purchase and Sale Transactions

EnCana Oil & Gas Partnership, EnCana West Ltd. and AltaGas Services Inc. completed, on December 19, 2002, two purchase and sale transactions for an aggregate pre-adjusted cash consideration of approximately $114 million. AltaGas acquired EnCana’s interests in two natural gas pipelines in Suffield, Alberta and eight natural gas gathering and processing systems in the Wabasca area in northeastern Alberta. As part of the transaction, EnCana entered into long-term transportation, gathering and processing agreements with AltaGas.

AltaGas was represented in-house by Dennis Dawson, vice-president, general counsel and corporate secretary; and Tom O’Sullivan, counsel; and by Miller Thomson LLP in Calgary and Toronto with a team led by Richard Gushue, and assisted by Marvin Koochin and Clarke Barnes. Brian Evans of Miller Thomson in Calgary provided regulatory advice and Andrew Roman in Toronto assisted with competition matters.

EnCana was represented by in-house counsel Patricia Smith-Grayton and Leanne Campbell, and by Blake, Cassels & Graydon LLP in Calgary and Toronto, with a team led by Daniel Fournier and Craig Spurn and assisted by Michael Knapp, R. Ben Rogers and Kent Chicilo. Paul Jeffrey of Blakes in Calgary provided advice and assistance in respect of regulatory matters, and Michael Piaskoski provided assistance on competition matters.