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EnCana completes the disposition of its natural gas liquids business to Provident

Date Closed

December 13, 2005

Lead Office



800.00 Million CAD

On December 13, 2005, EnCana Corporation, one of North America’s leading natural gas producers, and certain of EnCana’s affiliates, completed the disposition of all of their natural gas liquids business to affiliates of Provident Energy Trust. Provident is a Calgary-based open-ended energy trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business. The purchase price was approximately C$800 million after closing adjustments.

McCarthy Tétrault advised Provident with a team that was led by Bruce MacPhail.