EnCana completes US$500 million debt offering

CALGARY, Alberta (August 13, 2007) – EnCana Corporation (TSX, NYSE: ECA) has completed a public offering in the United States of US$500 million Notes with a coupon rate of 6.625% due August 15, 2037. The net proceeds of the offering will be used to repay a portion of EnCana's existing bank and commercial paper indebtedness.

These debt securities are rated A- by Standard & Poor's Ratings Service (S&P), Baa2 by Moody's Investors Service and A(low) by DBRS Limited.

The offering was made in the United States under EnCana's previously filed shelf prospectus dated September 22, 2006. Banc of America Securities LLC and Merrill Lynch & Co. acted as joint book-running managers for the offering.

EnCana Corporation
With an enterprise value of approximately US$50 billion, EnCana is a leading North American unconventional natural gas and integrated oilsands company. By partnering with employees, community organizations and other businesses, EnCana contributes to the strength and sustainability of the communities where it operates. EnCana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.

Further information on EnCana Corporation is available on the company's website, www.encana.com, or by contacting:

EnCana Corporate Communications
Investor contact:

Susan Grey
Manager, Investor Relations

Media contact:

Leanne Deighton
Advisor, Media Relations

ECA stock price

TSX $5.93 Can 0.23

NYSE $4.55 USD 0.19

As of 2019-07-19T16:00:00. Minimum 15 minute delay