EnCana (ECA) reported that the company is looking to sell its Barnett Shale assets in the Fort Worth Basin in Texas. The sale is part of the company’s plans to divest between $1 billion and $2 billion in assets in 2011.
EnCana has 52,000 net acres in the Barnett Shale and these assets currently produce 125 million cubic feet of natural gas equivalents per day.