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Encana Completes Sale of Its Jonah Field Operations in Wyoming for $1.8 Billion

CALGARY, ALBERTA -- (Marketwired) -- 05/12/14 -- Encana Corporation (Encana) (TSX:ECA)(NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of certain natural gas properties in the Jonah field located in Sublette County, Wyoming to an affiliate of TPG Capital, for a purchase price of approximately US$1.8 billion.

Encana Corporation

Encana is a leading North American energy producer that is focused on developing its strong portfolio of resource plays, held directly and indirectly through its subsidiaries, producing natural gas, oil and natural gas liquids (NGLs). By partnering with employees, community organizations and other businesses, Encana contributes to the strength and sustainability of the communities where it operates. Encana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.

Further information on Encana Corporation is available on the company's website, www.encana.com.

SOURCE: Encana Corporation

Contacts:
Investor contact:
Encana Corporation
Brian Dutton
Director, Investor Relations
(403) 645-2285

Encana Corporation
Patti Posadowski
Sr. Advisor, Investor Relations
(403) 645-2252

Media contact:
Encana Corporation
Jay Averill
Media Relations
(403) 645-4747

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