Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017. Encana’s first quarter production totaled 324,400 BOEPD, of which the company’s core assets contributed 307,500 BOEPD. Total liquids production grew by
Deal struck between Encana and Keyera Partnership adds 33,000 barrels of raw condensate processing capacity and 170 MMcf/day of net inlet gas processing; Keyera will own the facilities at Pipestone Encana Corporation (ticker: ECA) and Keyera Partnership have reached an agreement where Keyera will acquire and fund the remaining development of Encana’s Pipestone liquids hub and Encana’s planned Pipestone processing
Encana plans to invest virtually all its anticipated 2018 capital in its core assets, with around 70% directed to the Permian and Montney Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the fourth quarter of 2017 to the fourth quarter of 2018, with significant oil and condensate growth in the second half
NEB: Duvernay holds 76.6 Tcf of recoverable gas, 6.3 billion barrels of recoverable NGLs and 3.4 billion recoverable barrels of crude oil Eighty-year-old Chevron Canada Limited (Chevron ticker: CVX) is moving into development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta, following a three-year appraisal program. Chevron said the program will comprise approximately 55,000 acres of
Two more coming online by year-end On September 20th Encana (ticker: ECA) announced a successful startup of the Tower processing plant. The Tower plant is the first of three Veresen Midstream facilities that support Encana in the Montney. The other two facilities, Sunrise and Saturn, are planned to start up by mid-October and before year-end, respectively. The three new plants
Encana Corp. (ticker: ECA) is one of the first E&Ps to report it second quarter results. ECA announced a growth of 25% in its margin from the first to the second quarter of 2017. Douglas Suttles, President and CEO of Encana, indicated that this was due to the increase in the fraction of oil and condensate in its production mix.
2017 Development to focus on Permian, Eagle Ford, Montney Encana (ticker: ECA) announced fourth quarter earnings and 2016 reserves Thursday, showing a net loss of $281 million, ($0.29) per share. Full year results were a loss of $944 million, or ($1.07) per share. These results were hampered by special charges including impairments and a net loss on risk management. After
Strong fourth quarter results prompt Encana to increase 2017 expectations Calgary-based Encana Corp. (ticker: ECA) announced today that following a strong performance in the fourth quarter of 2016, the company now believes that production will reach or exceed the high end of its previously announced guidance, and that it will see improved margins on a per-barrel basis in 2017. Encana
Blackbird presents at EnerCom’s The Oil & Gas Conference® During Blackbird’s breakout session, management was asked the following questions: Can you go over the differences between your sliding sleeve technology and normal sliding sleeves? Is there a dissolvable component in the sliding sleeve technology you are using? Can you talk more about how the ball dissolves and how long it
Birchcliff Energy creates a contiguous core asset base with purchase from Encana Birchcliff Energy (ticker: BIR) announced that it will purchase all of Encana Corporation’s (ticker: ECA) Gordondale area, creating one contiguous block of assets in Birchcliff’s primary focus area of Pouce Coupe/Gordondale within its one core area, Alberta’s Peace River Arch. Birchcliff agreed to purchase the 54,000 net acres
Encana remains focused on its core assets Encana Corp. (ticker: ECA, Encana.com) continued to increase production and lower its debt amid the crash in crude oil prices. The company said that it produced 274.4 MBOEPD in the fourth quarter of the year from its four core assets: the Permian, Eagle Ford, Duvernay and Montney. This production represented a 35% increase
CALGARY, AB–(Marketwired – December 21, 2015) – (TSX: ECA) (NYSE: ECA) Encana Corporation announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone Peak Resources, 95 percent owned by Canada Pension Plan Investment Board and five percent by The Broe Group, to close in the second
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