Encana

After generations in Calgary as a national oil and gas industry pillar with a name short for Canadian energy, Encana Corp. is moving its headquarters to the United States and rebranding itself as Ovintiv Inc.

ConocoPhillips Co. and Encana Marketing (USA) Inc. are challenging Plains All American’s plans to implement a surcharge on its Cactus II crude oil pipeline, a 5.0-cent/bbl fee designed to offset costs related to U.S. tariffs on steel imports.

Calgary-based Encana Corp., which is training more resources in the Permian Basin, said Monday it would sell the Arkoma Basin assets acquired in the takeover of Newfield Exploration Co. for $165 million.

Encana Corp.’s well costs in the Anadarko Basin have fallen by about $1 million since it completed the Newfield Exploration Co. merger in February, with a “line of sight to significantly more savings” in the months ahead, the Calgary-based independent said Tuesday.

Encana Corp.’s combination with Newfield Exploration Co. to create a North American onshore exploration beast is set to be completed on Wednesday following approval by the companies’ shareholders.

Encana Corp. has officially exited the San Juan Basin, announcing Thursday that it has completed the sale of 182,000 net acres in New Mexico to Denver-based DJR Energy LLC.

Encana Corp. has clinched a deal to buy Oklahoma stalwart Newfield Exploration Co. in a stock trade worth an estimated $5.5 billion, as well as assuming $2.2 billion net debt, expanding its four core exploration areas of North America’s onshore to a solid five.

With a $5.5 billion merger with Encana Corp. in the offing, Newfield Exploration Co. on Thursday reported a more than one-third increase in Midcontinent production and said it would spend more to reach higher production targets by year’s end.

Encana Corp. said Monday that it’s reached an agreement to sell its San Juan Basin assets in New Mexico to privately-held DJR Energy LLC for $480 million.