OREANDA-NEWS.  September 11, 2012. Encana's (TSX: ECA) (NYSE: ECA) Board of Directors announced that it has completed its investigation into allegations of collusion with competitors regarding land leasing in Michigan in 2010. Based on the results of the investigation, the Board has concluded that Encana did not engage in such conduct, reported the press-centre of Encana. 

In June 2012 Encana's independent Directors authorized its Chairman, Mr. David O'Brien, to oversee an investigation into the allegations. External legal counsel were retained in both the United States and Canada to assist in undertaking a thorough investigation, which was conducted independent of company management.

"We have taken this matter very seriously and over the past eleven weeks have conducted a very rigorous investigation," says David O'Brien, Chairman of Encana's Board of Directors. "We hope that the results of this thorough and independent investigation will help to assure our shareholders, staff and the public that they can continue to place their confidence in Encana. We want to reiterate that Encana remains committed to acting ethically and in compliance with laws in all that we do."

The company has received a subpoena from the Antitrust Division of the United States Department of Justice and a civil investigatory demand from the Michigan Attorney General. The company will continue to fully cooperate with the investigations of both agencies.