EnCana completes US$1.5 billion offering of debt securities

    CALGARY, Dec. 4 /CNW/ - EnCana Corporation (TSX, NYSE:   ECA) has completed
a public offering in the United States of US$1.5 billion Notes in two
tranches. One tranche is US$700 million with a coupon rate of 5.90% due
December 1, 2017. The second tranche is US$800 million with a coupon rate of
6.50% due February 1, 2038. The net proceeds of the offering will be used to
repay a portion of the credit facilities used to acquire the Deep Bossier
natural gas and land interests in East Texas of Leor Energy.
    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
    The offering was made in the United States under EnCana's previously
filed shelf prospectus dated September 22, 2006 and a prospectus supplement
dated November 28, 2007. Citi and UBS Investment Bank acted as joint
book-running managers for the offering.

    EnCana Corporation

    With an enterprise value of approximately US$55 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.

For further information:

For further information: 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, (403) 645-4751; Media contact: Alan Boras, Manager, Media
Relations, (403) 645-4747

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Encana Corporation

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