Encana

Encana Corp. plans to spend up to $2.9 billion for upstream development in 2015, with 80% of the capital targeting the Permian Basin, Eagle Ford Shale and the Montney and Duvernay formations in Canada.

Two contract workers were hurt, one critically, on Wednesday in far western Colorado’s Mesa County while working on a valve at an Encana Corp. gas well that ruptured, a Denver-based company spokesperson told NGI Thursday.

Some big oil and gas producers are collaborating in a unique initiative sponsored by the Colorado Cleantech Industries Association (CCIA).

Encana Corp. put more flexibility in its balance sheet, including the ability to make acquisitions, by agreeing to sell its remaining stakes in PrairieSky Royalty Ltd., CFO Sherri Brillon said Tuesday.

Encana Corp. still reigns as Canada’s top natural gas explorer, but it’s quickly making a name for itself as a nimble onshore oil/liquids operator after production rose 43% in the latest quarter from a year ago.

Encana Corp. will hold off on drilling new natural gas wells until market conditions improve, CEO Doug Suttles said Thursday.

Encana Corp. on Friday pulled the trigger on another big natural gas property in a $1.8 billion deal that would send the Bighorn portfolio in Western Canada’s Deep Basin to private equity’s Apollo Global Management LLC.

Canada’s biggest public offering in 14 years, Encana Corp.’s PrairieSky Royalty Ltd., beat back all contenders on the Toronto Stock Exchange Thursday in its debut, closing more than 30% higher than at the open.

Encana Corp. made the move from natural gas-heavy to liquids-rich generator in the first quarter as new well designs and a sharper focus highlighted the strength of its onshore portfolio.