Encana Sells Coalbed Methane Assets to Toyota Tshusho

Encana Corporation (“Encana”) and Toyota Tsusho Wheatland Inc., a subsidiary of Toyota Tsusho Corporation (“Toyota”), entered into a joint venture whereby Toyota will invest $602 million to acquire a 32.5 per cent royalty interest in natural gas production from a portion of Encana's coalbed methane resource play in Horseshoe Canyon in southern Alberta. The agreement includes production from a total of approximately 5,500 existing wells and potential future drilling locations in southern Alberta.

Encana was represented by Burnet, Duckworth & Palmer LLP with a team that included John Cuthbertson, Mark Houston, Stuart Money and Hazel Saffery.

Toyota was represented by McCarthy Tétrault LLP with a team that included Craig Spurn, Keith Byblow and Chris McLelland and by Baker & McKenzie LLP with a team that included Louis Davis, Chris Besant, Jonathan Curth, Alan Diner, Cheryl Elliott, Arlan Gates, Nancy Hamzo, Grant Hannessian, Jeremy Hann, Alex Roberts, Lydia Salvi and Frank Spizzirri.


Jeremy Hann Lydia Salvi Craig N. Spurn Alex C. Roberts Nancy Hamzo Chris W. McLelland Arlan Gates Keith R. Byblow J. Stuart Money John H. Cuthbertson Cheryl J. Elliott Alan S. Diner Frank Spizzirri Mark T. Houston


Burnet, Duckworth & Palmer LLP McCarthy Tétrault LLP Baker & McKenzie LLP