Encana, Erie reach groundbreaking agreement on oil and gas operations

After months of negotiations, Erie town officials and Encana Corp., one of Colorado’s biggest energy companies, have reached an agreement governing how oil and gas operations will be conducted in the northern Front Range town. The agreement covers five new drilling sites in Erie and three locations that are outside the town limits, but adjacent to the town, according to Encana (NYSE: ECA). And the “operating agreement” demands Encana adhere to standards that go beyond Colorado’s regulations…