Natural Gas Property in Wyoming Sold to PE


April 3, 2014

This week’s deal of the week is a USD 1.8 billion dollar buyout of an asset that belonged to Canada’s Encana Corp, a leading natural gas producer. According to BW, Encana sold its Jonah field operations in Wyoming to private-equity fund TPG Capital. The website of TPG says that it typically invests in financial services, travel and entertainment, technology, consumer, retail, media, and healthcare sectors, however Bloomberg recently reported that it was raising USD 1.25 billion for its first dedicated energy fund.

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