Late last year, Provident Energy Trust finalized the acquisition of the natural gas liquids business of EnCana Corporation for a purchase price of approximately C$697 million, plus working capital and other adjustments

Pipeline & Gas Journal, Feb, 2006

Late last year, Provident Energy Trust finalized the acquisition of the natural gas liquids business of EnCana Corporation for a purchase price of approximately C$697 million, plus working capital and other adjustments. "The assets are a superb fit with our diversified portfolio strategy of combining quality infrastructure assets with our upstream oil and gas production business," said Provident CEO Thomas Buchanan.

"We were also able to retain an excellent management and operating team. Complementing our current NGL midstream operations at Redwater, we now have a midstream business that is fully integrated and geographically diverse. It positions Provident as one of the significant NGL players in North America."