Canada's Encana to buy Athlon Energy for $5.93 billion

By Euan Rocha TORONTO, Sept 29 (Reuters) - Canada's largest natural gas producer Encana Corp ECA.TO said on Monday it has agreed to buy Athlon Energy ATHL.N for $5.93 billion (4.63 billion pounds) in cash, as it accelerates its plan to focus on more lucrative oil and natural-gas liquids (NGLs). The deal, which gives Calgary-based Encana control of about 140,000 net acres in the oil-rich Permian Basin in Texas, adds another core region to the six shale fields where Encana is concentrating its spending. The takeover will lead to a huge payday for Apollo Global Management APO.N. ... Read More http://ift.tt/1DQVqIm