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EnCana Unit Boosts Position In U.S. Rockies
July 2 2002CALGARY -(Dow Jones)- EnCana Corp.'s U.S. subsidiary has acquired about 600 billion cubic feet equivalent (established) of long-life, natural gas and associated natural gas liquids reserves and about 16,000 net acres of land in the Jonah field in southwest Wyoming .

In a news release, EnCana said the reserves were acquired from Williams Cos (NYSE: WMB - News) .' Williams Production Rocky Mountain Co . subsidiary for about $350 million.

EnCana said the reserves are producing about 135 million cubic feet of gas equivalent a day.

The company said the acquisition includes developed and undeveloped reserves and lands in the U.S. Rocky Mountain region and increases EnCana's interest in the Jonah field by 50%. EnCana said the acquisition increases its productive capacity from Jonah to more than 400 million cubic feet of gas equivalent a day.

Certain of the assets are subject to third-party rights of first refusal, it noted.