Encana Sells Colorado Oil and Gas Field to CPPIB and Broe Group

The Canada Pension Plan Investment Board (CPPIB) and Denver-based The Broe Group, a privately-owned firm with investments in real estate, rail and health care technology, formed a joint venture entity that will acquire all of the Denver Julesberg Basin oil and gas assets in Colorado from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corporation, for a total consideration of approximately US$ 900 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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