July 8 (Reuters) - Encana Corp ECA.TO :
* ENCANA SIGNS AGREEMENT TO SELL ITS ARKOMA BASIN NATURAL GAS ASSETS
* ENCANA CORP - PROPOSED DEAL FOR IS $165 MILLION.
* ENCANA - CO'S ARKOMA ASSETS INCLUDE ABOUT 140,000 NET ACRES OF LEASEHOLD AND CURRENT PRODUCTION OF APPROXIMATELY 77 MILLION CUBIC FEET EQUIVALENT PER DAY
* ENCANA CORP - UNIT TO SELL ITS NATURAL GAS ASSETS IN OKLAHOMA'S ARKOMA BASIN TO AN UNDISCLOSED BUYER
* ENCANA CORP - PROCEEDS FROM SALE WILL BE DIRECTED TO CO'S BALANCE SHEET