In the first quarter of 2013 Encana achieved significant milestones in a number of its oil and liquids-rich natural gas plays including strong well results from the Duvernay and Peace River Arch plays and confirmation of the commerciality of its San Juan play. Solid operational performance resulted in a 48 percent increase in oil and [...]
JOGMEC, Cutbank Dawson Gas Resources Ltd. (CDGR), a Canadian subsidiary of Mitsubishi Corporation (MC) and Encana have signed a joint “Research Agreement” with for the Cutbank Ridge Partnership (CRP) unconventional gas development. JOGMEC, CDGR and Encana will conduct integrated core analysis, geomechanical and seismic studies by using data from the CRP unconventional gas asset in [...]
Encana Corporation finished the year ahead of 2012 guidance as the company reported annual cash flow of $3.5 billion, or $4.80 per share, and $997 million in operating earnings, or $1.35 per share. In the fourth quarter of 2012 the company generated cash flow of $809 million, or $1.10 per share, and operating earnings of [...]
Encana Corporation announced the commissioning of its Cavalier liquefied natural gas (LNG) facility located approximately 15 kilometres east of the town of Strathmore, Alberta. The Cavalier LNG facility will play a key role in providing an alternative fuel to diesel for heavy-duty transportation including rail and long-haul trucking. It demonstrates Encana’s commitment to lead by [...]
Encana Corporation said that Randall K. Eresman, President & Chief Executive Officer, has informed the Board of Directors that he is retiring from Encana after serving the company for approximately 35 years. Mr. Eresman will also be retiring from the Board of Directors but he has agreed to stay on as an advisor until February [...]
Encana Corporation, a leading North American natural gas producer, and Ferus LNG, a North American leader in LNG fuelling solutions, announced plans to build a 190,000 litre per day liquefied natural gas (LNG) production facility near Grande Prairie, Alberta. The facility is strategically located in close proximity to high levels of energy industry activity in [...]
December 18, 2012 | Posted in
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Encana Corporation has entered into a joint venture arrangement with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to explore and develop Encana’s extensive undeveloped Duvernay land holdings in west-central Alberta. Under the terms of the agreement, Phoenix will gain a non-controlling 49.9% interest in Encana’s approximately 445,000 acres in the Duvernay play for [...]
Encana Corporation announced the results of its consent solicitation to amend the indentures relating to its 8.125% Notes due 2030, 7.375% Notes due 2031, and 7.2% Notes due 2031, to amend certain definitions to reflect Encana’s adoption of U.S. GAAP and to amend certain provisions to be more consistent with other indentures executed by Encana. [...]
Encana Corporation reported cash flow of $913 million and $263 million in operating earnings for the third quarter 2012. Year-to-date the company generated cash flow of approximately $2.7 billion and operating earnings of $701 million. Oil and natural gas liquids (NGLs) production volumes in the quarter averaged over 30,000 barrels per day (bbls/d), an increase [...]
Enbridge Inc. said that it has entered into a midstream services relationship with Encana Corporation to develop gas gathering and compression facilities in the Peace River Arch region in northwestern Alberta. Enbridge has agreed to acquire from Encana certain gathering and compression facilities in the PRA region currently in service and under construction, with an [...]
