COMPANY NEWS: EnCana buys gas reserves in Colorado Rocky Mountains

Units of EnCana Oil & Gas (USA) Inc. will acquire natural gas and NGL assets in the Northwest Colorado Rocky Mountains from El Paso Corp., Houston, for $461 million (Can.).In another major western US assets deal, XTO Energy Inc., Fort Worth, agreed to buy coalbed methane holdings in the Powder River basin for $101 million from CMS Oil & Gas Co. In turn, XTO Energy agreed to swap those properties with Marathon Oil Co. for oil and natural gas properties in East Texas and northern Louisiana.Other acquisitions included:Houston Exploration Co., Houston, said it will acquire certain onshore producing properties in South Texas from units of Burlington Resources Inc., also of Houston, for $48.1 m...

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