Tag: Encana

Encana delivers Montney plant ahead of schedule, out-performing 5-year plan

Encana delivers Montney plant ahead of schedule, out-performing 5-year plan

New plants will more than double Encana’s Montney liquids production Encana successfully started up the Tower processing plant ahead of schedule and under budget on Sept. 20, according to a company press release. The plant is the first of three Veresen Midstream facilities that support Encana’s condensate-focused growth plan in the Montney. The Tower facility is in the process of ramping up. […]

By September 28, 2017 0 Comments Read More →
Alberta news brief July 21: Encana sued in US over climate change misinformation

Alberta news brief July 21: Encana sued in US over climate change misinformation

Also in this brief: Encana posted Q2 net earnings of $331 million, premiers meet in Edmonton to discuss Canadian Energy Strategy According to the CBC, Encana has been named in three lawsuits filed on Monday that are trying to link damages suffered from climate change to the industry’s attempts to slow down action on the issue. […]

Encana: On track to maximize value from condensate-rich Montney

Encana: On track to maximize value from condensate-rich Montney

By 2019, Encana expects Montney assets will produce 70,000 barrels per day of liquids Encana says it continues to successfully advance its five-year plan which it expects will deliver industry-leading cash flow growth and returns, according to a press release. The company’s Montney asset plays an integral part in this plan and will contribute significant […]

First study assessing potential hydraulic fracturing impact on aquatic animals

First study assessing potential hydraulic fracturing impact on aquatic animals

Results provide basis for regulators and industry to develop policies and procedures By Katie Willis Researchers at the University of Alberta have conducted the first-ever study to use hydraulic fracturing fluids to examine effects on aquatic animals, such as rainbow trout, according to a press release. Horizontal drilling with high-volume hydraulic fracturing is a practice […]

By January 25, 2017 0 Comments Read More →
Encana selling $1 billion worth of shares for Permian Basin expansion

Encana selling $1 billion worth of shares for Permian Basin expansion

Encana is expecting twice the amount of Permian wells on stream in 2017 compared to 2016 Encana Corporation announced a public offering to sell 107 million shares at an offering price of US$9.35 per share, for gross proceeds of US$1,000,450,000. Calgary-based Encana intends to use about half of the proceeds to fund it’s 2017 capital program, which will focus […]

By September 21, 2016 0 Comments Read More →
Encana reduces Eagle Ford, Permian drilling and completion costs up to 44%

Encana reduces Eagle Ford, Permian drilling and completion costs up to 44%

Encana on track to deliver $550 million in year-over-year cost savings During the first quarter, Encana Corp. says its internal analysis and independent third-party research indicates the company is delivering well performance among the top of its peer groups in its core four assets. But Encana also reported a bigger-than-expected quarterly loss, citing low oil and […]

GEP Haynesville buys Encana Louisiana natural gas assets

GEP Haynesville buys Encana Louisiana natural gas assets

GEP Haynesville deal worth over $1.3 billion in cash and savings CALGARY – Encana Corp. (TSX:ECA) is exiting Louisiana through a proposed deal worth more than US$1.3 billion in cash and savings. The Calgary-based oil and gas producer will receive US$850 million cash and reduce its commitments by about US$480 million through the sale of its Haynesville […]

Encana gungho for Texas shale oil

Encana gungho for Texas shale oil

Encana says Texas shale oil assets performing better than when they were purchased The drastic drop in crude prices has not soured Encana Corp. on a pair of multibillion-dollar purchases it made last year to gain a foothold in Texas shale oil, CEO Doug Suttles toldshareholders last week. At Encana’s annual general meeting, investors questioned […]