Encana eyes Permian oil with $7.1 billion Athlon Energy deal

CALGARY, Alberta -- Encana Corporation has agreed to buy Texas-based Athlon Energy for $7.1 billion as the Canadian company seeks to boost oil production. The acquisition will add Athlon' s land position of approximately 140,000 net acres focused solely in the heart of the oil-rich Midland basin to Encana' s portfolio.


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Encana eyes Permian oil with $7.1 billion Athlon Energy deal Encana eyes Permian oil with $7.1 billion Athlon Energy deal Reviewed by Crude Oil Facilitators on 20:08 Rating: 5

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