Encana and Mitsubishi Enter $2.9B Partnership for Development of Cutbank Ridge

Encana Corporation (“Encana”) and Mitsubishi Corporation (“Mitsubishi”) finalized an agreement whereby Mitsubishi acquired a 40 per cent interest in the Cutbank Ridge Partnership, which holds undeveloped Montney-formation natural gas lands in Encana's Cutbank Ridge resource play in northeast British Columbia, for approximately $2.9 billion.

Encana is a leading North American natural gas production company based in Calgary. Mitsubishi is a global integrated business enterprise that develops and operates businesses across many industries including industrial finance, energy, metals, machinery, chemicals, foods and environmental business.

Encana was represented in-house by Terry Hopwood, Executive VP & General Counsel, Danielle Parrotta, Legal Counsel, Graham Baugh, VP & Associate General Counsel, and Keith McClellan, Associate General Counsel and by Burnet, Duckworth & Palmer LLP with a team led by Alicia Quesnel (energy) and including Mark Houston, Jody Wivcharuk, Carolyn Wright, Hazel Saffery and Justin Jensen (energy) and James Swanson (intellectual property).

Mitsubishi was represented in-house by Justen Fleming and Yuko Endo and by Bennett Jones LLP with a team led by Patrick Maguire (oil & gas) and including Angus Mitchell and Donald Greenfield (oil & gas); Denise Bright (corporate commercial); Darcy Moch (tax); Krishna Koul, Kieran Ryan, Tariq Remtulla and Kimberly Kapesi-Miller (energy, corporate) and Stephen Burns (intellectual property).