Canada's largest natural gas producer has been restructuring its operations away from natural gas as it looks to increase output of more valuable oil and natural-gas liquids.

Earlier this month, Encana said it will sell its remaining stake in PrairieSky Royalty Ltd, the company it spun out to investors in May, in a C$2.6 billion ($2.37 billion) deal as it continues to raise funds to increase oil production.

(Reporting by Supriya Kurane in Bangalore; Editing by Sunil Nair)