WSJ: Apollo in talks to acquire Encana's Bighorn natural gas properties

|About: Apollo Global Management, LLC (APO)|By:, SA News Editor

Apollo Global Management (APO) is in talks to acquire Encana's (ECA) Bighorn natural gas producing properties in Alberta, which could fetch ~$1.8B, WSJ reports.

ECA has been reducing its exposure to natural gas because of falling prices; in recent weeks, it has sold its Jonah field gas properties in Wyoming and announced its intention to sell gas properties in east Texas.

APO, however, has been showing interest in natural gas assets, recently agreeing to commit $700M in funding to oil and gas producer Zenergy (ZENG).