China: Another North American Opportunity -- Will Partner With Encana in the Duvernay

Link here to Oil & Gas Journal.

Encana Corp. announced a joint venture arrangement with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to explore and develop Encana's extensive undeveloped Duvernay holdings in west-central Alberta.

Terms call for Phoenix to gain 49.9% interest in Encana's 445,000 acres in the Duvernay play for $2.18 billion (Can.), and Encana is the operator of the joint venture.

One can read more about the Duvernay; linked at the sidebar at the right.