Encana signs joint venture with Toyota Tsusho for 1/3 interest coalbed methane wells in southern Alberta

Encana signs joint venture with Toyota Tsusho for 1/3 interest coalbed methane wells in southern Alberta by The Canadian Press, April 20, 2012
Encana announced Friday that the Japanese company will acquire a 32.5 per cent royalty interest in about 5,500 existing and future Encana coalbed methane wells. … Under the agreement announced Friday, Toyota Tsusho paid $100 million with the closing of the transaction and will invest approximately $502 million over seven years to acquire a 32.5 per cent royalty interest in production from 4,000 existing wells and 1,500 potential future drilling locations.