Calgary stalwart Encana Corp. will be making Denver its new home after winning investor approval to relocate and to change its brand to Ovintiv.
Articles from 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.
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.
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. 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.
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.