Encana to buy Athlon Energy for $5.93 bln

Mon Sep 29, 2014 6:17am EDT
 
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Sept 29 (Reuters) - Encana Corp , Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt.

Encana, which is shifting its focus to high-value oil and natural gas liquids, will also assume Athlon's $1.15 billion of senior notes.

The deal includes about 140,000 net acres owned by Athlon in the oil-rich Midland Basin. (Reporting by Ashutosh Pandey in Bangalore; Editing by Simon Jennings)