CORRECTED - (OFFICIAL)-Indigo to sell Louisiana properties to EnCana
Wed Jun 25, 2008 11:48pm BST

(Company corrects to show acreage acquisition is in addition to last week's, not part of it)

CALGARY, Alberta, June 25 (Reuters) - Indigo Minerals LLC said on Wednesday it will sell some of its acreage in northwestern Louisiana to EnCana Corp (ECA.TO: Quote, Profile, Research) for $457 million, just over a week after EnCana announced its entrance into the hot exploration region.

Indigo, owned by a group of private-equity investors, said the properties comprise 89,500 acres in several parishes including fee minerals leased to EnCana or other companies, unleased minerals and interests in 242 wellbores already drilled on the properties.

EnCana said last week it had taken a position in the Haynesville shale-gas play in Louisiana and Texas, one of several unconventional natural gas plays in which companies have estimated huge, but tough-to-access, reserves. (Reporting by Jeffrey Jones; Editing by Peter Galloway)

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Tags: encana


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