Encana

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.

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.

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.

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.

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.

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.

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.

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.

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.