Encana Corp.’s second quarter performance was highlighted by its continued liquids growth in the North American onshore, with output from the Permian Basin climbing 43% and Montney production jumping 128%.
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Encana Corp. expects to deliver 30%-plus production growth this year on expected cash flow from its four North American onshore plays, lifted by the Montney and Duvernay formations in Canada and the Permian Basin and Eagle Ford Shale in Texas.
Denver-based Bonanza Creek Energy Inc. has appointed Eric T. Greager as CEO and president effective April 11. R. Seth Bullock, a managing director of Alvarez & Marsal, has served as interim CEO since June 2017. Greager, 47, joined Encana Corp. in 2006 and was a vice president and general manager at Encana Oil & Gas (USA) Inc. Greager received a master’s degree in economics from the University of Oklahoma and a bachelor’s degree in engineering from the Colorado School of Mines. Greager “has the right background, leadership and cultural disposition to successfully lead our company” said Chairman Jack E. Vaughn. As part of his compensation package, the board granted Greager an employment inducement award of restricted stock units with a grant-date fair value equal to $4 million to compensate him for forfeited equity compensation from Encana.
A natural gas processing agreement announced Monday by Encana Corp. and Keyera Corp. is highlighting large-scale production developing in the Montney formation straddling northern Alberta and British Columbia (BC).
Encana Corp. confirmed Monday that its unlucky C$700 million ($560 million) Deep Panuke venture is poised to sink off the Atlantic seaboard natural gas market, just 56 months after starting up offshore of Nova Scotia.
Encana Corp. launched a five-year strategy last year already in need of an update, as output from two core holdings, the Permian Basin and Montney formation, is exceeding all expectations, the company’s CEO said Thursday.
North American super independent Encana Corp. closed out 2017 on track to meet or exceed its five-year growth targets after fourth quarter production sharply exceeded expectations, management said Tuesday.
Primed by growth from core areas and improved optimization in its onshore drilling techniques,, Encana Corp. is eyeing 30% production growth over 2016, with October volumes already sharply higher from third quarter volumes, the Calgary-based independent said Wednesday.
Calgary-based independent Encana Corp. has started up the second of the three Montney Shale natural gas processing plants that under development as part of its Cutbank RIdge Partnership with Veresen Midstream, management announced Thursday.
Encana Corp.’s Tower processing plant in Canada’s Montney Shale has started up ahead of schedule and under budget, the Calgary-based independent announced Wednesday.