Encana Ups Production Guidance as Core Assets in Texas, Canada Outperform

Encana Corp. has upped its 2017 production guidance on the strength of second quarter results from its core assets in Texas and Western Canada, management said.

July 24, 2017
Encana Touts Improved Permian Type Curves, Adds 700 Premium Drilling Locations

Encana Touts Improved Permian Type Curves, Adds 700 Premium Drilling Locations

Encana Corp. on Tuesday announced that it has increased its type curves in the Permian Basin by 20% and added 700 “premium return” drilling locations to its inventory in the play, a result of the company’s “cube” approach to stacked pay development, management said.

June 20, 2017

Encana Selling Piceance Natural Gas Assets For $735M

Encana Corp. on Friday agreed to sell its natural gas assets in Colorado’s Piceance Basin, including 550,000 net acres and 3,100 operated wells to Denver-based Caerus Oil and Gas LLC in a deal valued at $735 million.

June 9, 2017

Encana Eyes 2017 Return to Growth, Maintains Multi-Play Focus

Encana Corp. is poised to return to growth by the middle of this year, management said Tuesday, emphasizing that the company is positioned to increase production from its core assets by 20% between 4Q2016 and 4Q2017.

May 3, 2017

Encana’s Five-Year Plan for Montney Includes Head-to-Head With Appalachia at Dawn

Calgary-based Encana Corp. reaffirmed its vision for the future of its Montney Shale on Wednesday, hinting at plans to compete with Marcellus/Utica shale gas flowing into the Dawn Hub in Ontario.

April 20, 2017

Australian Company Acquires 62,000 Acres in TMS From Encana

Australis Oil & Gas Co. has acquired all of Encana Oil & Gas Inc.’s remaining assets in the Tuscaloosa Marine Shale (TMS) along the Louisiana/Mississippi border for $80 million.

March 2, 2017

Encana Ups 2017 Production Forecast to Kick Off New Year

Focusing on its “core four” assets in Texas and Western Canada, Calgary-based Encana Corp. said Wednesday it is already on track to surpass the 2017 forecasts it gave during its annual investor day in October.

January 4, 2017

Veresen’s Montney NGL Expansion Tied to Encana Growth Plans

Calgary-based Veresen Inc. is upping its game in the gassy Montney formation that straddles British Columbia and Alberta, announcing it is sanctioning C$195 million of midstream capital projects to serve an exploration joint venture of Encana Corp. and Mitsubishi Corp.

December 28, 2016

Encana Cruises on Cost Control, Touts Innovative Well Designs in Core Four Plays

North American exploration behemoth Encana Corp. claimed a big reduction in costs during the third quarter as it continued an aggressive campaign to boost total production by 60% and increase cash flow.

November 3, 2016
Encana’s Pivot to Permian, ‘Core Four’ Designed to Flow Cash, Gush Liquids

Encana’s Pivot to Permian, ‘Core Four’ Designed to Flow Cash, Gush Liquids

Calgary-based Encana Corp., which made its name by successfully exploiting onshore natural gas resources, is taking a sharp turn toward capturing liquids and oil, as it targets a 300% jump in cash flow and a 60% gain in production by the end of 2021. Its No. 1 target, the Permian Basin, could see production quadrupling over the period.

October 5, 2016