EnCana completes US$500 million debt offering

    CALGARY, Aug. 13 /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 6.625% 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
    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

    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.

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: Leanne Deighton, Advisor, Media
Relations, (403) 645-4629

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Encana Corporation

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