EnCana completes US$500 million debt offering



    CALGARY, May 4 /CNW/ - EnCana Corporation (TSX, NYSE:   ECA) has completed
a public offering in the United States of US$500 million notes with a coupon
rate of 6.50% due May 15, 2019. 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 have been assigned a rating of A- by Standard &
Poor's Ratings Services, 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 March 11, 2008 and a prospectus supplement dated
April 29, 2009. Banc of America Securities LLC and Deutsche Bank Securities
acted as joint book-running managers for the offering.

    EnCana Corporation

    With an enterprise value of approximately US$45 billion, EnCana is a
leading North American unconventional natural gas and integrated oil 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.




For further information:

For further information: EnCana Corporate Communications, Investor
contact: Paul Gagne, Vice-President, Investor Relations, (403) 645-4737; Ryder
McRitchie, Manager, Investor Relations, (403) 645-2007; Susan Grey, Manager,
Investor Relations, (403) 645-4751; Media contact: Alan Boras, Manager, Media
Relations, (403) 645-4747

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Encana Corporation

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