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Encana Corporation has entered into an agreement with DJR Energy to sell its San Juan assets in $480 million. Encana’s subsidiary, Encana Oil & Gas (USA) Inc. carried forward the transaction. DJR will gain ownership to San Juan assets which cover approximately 182,000 net acres. The transaction, which is expected to conclude by the fourth quarter of 2018, is subject to the satisfaction of closing conditions and customary closing adjustments.
