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Encana Posts Loss, Accelerates Activity In US Permian Basin
Thursday, November 12, 2015
Encana reports a third-quarter loss, but an increase in oil production.
Encana To Sell Denver Julesburg Basin Assets For $900M
Thursday, October 08, 2015
Encana says it will sell its Denver Julesburg basin assets in Colorado, the latest divestitures as it focuses on its high-value gas liquids and oil properties.
Shale Driller Debt Burden Puts 400,000 Oil Barrels at Risk
Friday, September 18, 2015
As much as 400,000 barrels a day of oil production is at risk as US shale companies like run out of money and slow drilling.
Encana to Sell Haynesville Nat Gas Assets for $850M
Tuesday, August 25, 2015
Encana reaches an agreement to sell its Haynesville natural gas assets, located in northern Louisiana.
Canada's Encana Lays Off 200 Employees In July Amid Oil Slump
Friday, July 24, 2015
Encana says it laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices.
Encana Says to Explore Sale of Haynesville Gas Properties
Monday, April 20, 2015
Encana is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, according to sources.
Encana Cuts 2015 Budget After 85% Fall In Operating Profit
Wednesday, February 25, 2015
Encana slashes its 2015 capital budget by a quarter in response to a slump in global crude oil prices.
Canada's Encana To Raise 2015 Spending, Bucks Industry Trend
Tuesday, December 16, 2014
Encana says it would boost capital spending in 2015 to focus on its more-profitable shale oil fields, bucking an industry-wide move to cut spending as oil prices tumble.
Encana's Operating Profit Nearly Doubles On Higher Oil Production
Wednesday, November 12, 2014
Encana says its quarterly operating profit jumped 87% due to higher production of oil and natural gas liquids.
SBM Completes Loan Deal to Fund Deep Panuke Facility
Tuesday, November 04, 2014
SBM Offshore completes a $450-million loan deal to fund the Deep Panuke Production Field Centre offshore Canada.
Encana To Sell Some Natural Gas Assets In Alberta For $541M
Wednesday, October 08, 2014
Encana says it would sell some of its natural gas assets in southern and central Alberta for about C$605 million as it focuses on more lucrative oil and natural gas liquids.
Encana Buying Athlon Energy For $5.93 Billion
Monday, September 29, 2014
Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin.
Encana To Raise C$2.6B In Sale Of PrairieSky Stake
Monday, September 08, 2014
Encana will sell its remaining stake in PrairieSky Royalty in a C$2.6 billion ($2.37 billion) deal as it continues to raise funds to increase oil production.
Encana Oil Production Rise Offsets Profit Fall On Weak Natgas
Thursday, July 24, 2014
Encana said oil and natural gas liquids production climbed 43% year-on-year in the second quarter of 2014.
Chesapeake Faces Trial On Bid-Rigging In Michigan Lease Sale
Thursday, July 10, 2014
A judge in Michigan has ruled that Chesapeake must face a criminal trial on a charge of bid-rigging with competitor Encana at a 2010 state land lease auction.
Encana To Sell Bighorn Assets For About $1.8B
Friday, June 27, 2014
Encana agrees to sell its Bighorn operations in Canada to Jupiter Resources, which includes about 360,000 acres of land.
Encana Operating Profit Doubles On Higher Gas Prices, Liquids Output
Tuesday, May 13, 2014
Encana says its first-quarter operating profit more than doubled, helped by higher gas prices and liquids production.
Encana To Double Oil Output With $3.1B US Shale Deal
Wednesday, May 07, 2014
Encana says it will buy producing assets in the Eagle Ford shale field in Texas from Freeport-McMoRan Copper & Gold for $3.1 billion, nearly doubling its oil output.
Encana To Sell Some Texas Gas Assets For $530M
Tuesday, April 29, 2014
Encana has agreed to sell about 90,000 net acres in east Texas for about $530 million, as part of a plan to cut its dependence on low-value natural gas.
Encana To Sell Nat Gas Assets To TPG Capital For $1.8B
Monday, March 31, 2014
Encana says it will sell some natural gas assets in Wyoming's Jonah field to a TPG Capital affiliate, as it focuses on regions rich in oil and natural gas liquids.