Encana to sell some Wyoming gas sites

PINEDALE, Wyo. – Encana Corp. is bowing out of the Jonah Field, announcing Monday a $1.8 billion deal to sell the entire field to an affiliate of TPG Capital.

The deal is roughly in line with expectations, as the Wall Street Journal reported earlier this month that the company was in “advanced talks” to sell the field for $2 billion. However, the expected buyers listed by the paper aren’t the ones Encana reported this morning.

Encana (NYSE: ECA) (TSX: ECA) is headquartered in Calgary, Alberta, with U.S. operations based in Denver. The Denver-Julesburg Basin, which includes territory in Northern Colorado, is one…