EnCana Company News

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Ovintiv's Head of Exploration Exits
David G. Hill will leave the company on June 30.
8:00 PM EST | June 21, 2020
Ovintiv Nixing Jobs Across North America
The layoffs are coming roughly equally from offices in Calgary, Denver and The Woodlands, Texas, as well as from field staff.
8:00 PM EST | June 16, 2020
Suttles to Take on Additional Role at Ovintiv
Ovintiv CEO Doug Suttles will assume the responsibilities of president upon the retirement of Michael McAllister.
8:00 PM EST | May 28, 2020
Newfield Founder Joe Foster Passes Away
Foster started Newfield in 1989 with a team of 26 employees and $9 million of equity capital.
8:00 PM EST | May 11, 2020
Investors Tightening the Screws on Oil, Gas Acquisitions
M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.
7:00 PM EST | February 16, 2020
Encana Investors Approve US Move
Encana Corp. won investors approval to relocate to the U.S. and change its name to Ovintiv, a plan that has dented morale in Canada's beleaguered energy industry.
7:00 PM EST | January 13, 2020
Encana Investor to Vote Against Plan to Flee Canada
One of the largest investors in Encana Corp. said it will vote against the Canadian oil producer's plan to move its headquarters to the U.S.
7:00 PM EST | November 18, 2019
Encana Picks Denver for New Headquarters
Encana Corp., which is moving from Canada to the U.S., will locate its new headquarters in Denver, where CEO Doug Suttles lives.
7:00 PM EST | November 06, 2019
Encana to Become US Firm with New Name
Calgary-based Encana unveiled plans to move its corporate domicile from Canada to the United States and change its name to Ovintiv.
8:00 PM EST | October 30, 2019
Encana to Divest Arkoma Acreage
Encana's Newfield subsidiary plans to sell its natural gas assets in Oklahoma’s Arkoma Basin.
8:00 PM EST | July 07, 2019
Energy Stocks Hurt By Oil Slump Want Value Investors
The Russell 3000 reconstitution later this month will be key for energy companies vying for investor attention, given an already low weighting in the index.
8:00 PM EST | June 05, 2019
Encana and Alta Mesa Cut Jobs in Houston
The two companies announced staff cuts in the Houston area.
7:00 PM EST | March 03, 2019
Encana to Acquire Newfield for $5.5 Billion
Encana reverses course with a $5.5 billion acquisition of a US shale producer in what will be the company's biggest-ever deal.
8:00 PM EST | October 31, 2018
DJR Energy to Acquire $480MM Worth of San Juan Assets from Encana
The deal will provide DJR Energy with 182,000 net acres in the San Juan Basin in New Mexico.
8:00 PM EST | September 30, 2018
Canada Shale Drillers Feel Permian Pain as Prices Collapse
The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.
8:00 PM EST | September 19, 2018
Encana Skirts North American Pipeline Mess to Protect Prices
Encana has so far avoided the pipeline bottlenecks, thanks to the company's hedging program and transportation agreements.
8:00 PM EST | April 30, 2018
Permian's Mammoth Cubes Herald Supersized Future for Shale
In the scrublands of West Texas there's an oil-drilling operation like few that have come before.
7:00 PM EST | February 21, 2018
Why Canada Is The Next Frontier For Shale Oil
Canada is the first country outside the United States to see large-scale development of shale resources.
7:00 PM EST | January 28, 2018
Encana Calls End to Permian Race as Focus Turns to Output
Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.
8:00 PM EST | October 17, 2017
Canada's Encana Smashes Profit Estimates, Shares Rise
Encana posts a quarterly profit that handily beat analysts' estimates and raised its full-year core asset production growth forecast.
8:00 PM EST | July 20, 2017
Encana To Sell Natgas Assets To Caerus Oil For $735MM
Encana says it will sell its Piceance natural gas assets in northwestern Colorado for $735 million.
8:00 PM EST | June 08, 2017
Encana Boosts Capital Spending By 50% Amid Oil Recovery
Encana reports a better-than-expected quarterly operating profit, helped by a cash tax recovery.
7:00 PM EST | February 15, 2017
Encana On Track To Exceed 2017 Budget Plan
Encana met its projected 2017 operations activity and rig count in December, building momentum for its five-year plan, CEO Doug Suttles says.
7:00 PM EST | January 03, 2017
Encana Says 2016 Costs Down By $50 Million
Encana says it has made $50 million in cost savings in 2016.
8:00 PM EST | October 04, 2016
Canada's Encana Posts Smaller Loss, Raises 2016 Capital Spend Plan
Canadian oil and gas producer Encana Corporation reports a smaller quarterly loss thanks to its ongoing cost-cutting drive.
8:00 PM EST | July 20, 2016
Canadian Energy Earnings Hint at Brighter Outlook for Oil
The Canadian oil and gas earnings season kicks off with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity.
8:00 PM EST | July 20, 2016
SandRidge Says It Is No Longer Target of Antitrust Probe
Oil and gas producer SandRidge Energy says it's no longer a target of a federal grand jury probe concerning antitrust violations related to leasing of oil and gas properties.
8:00 PM EST | April 14, 2016
In Drive to Deflate Natural Gas Surplus, US Pounces on Canada
US gas drillers, battered by the lowest prices in 17 years, find another release valve for their output: Canada.
7:00 PM EST | March 10, 2016
Canada's Encana Cuts 2016 CAPEX, To Lay Off 20% Of Workforce
Encana cuts its 2016 capital spending forecast, saying it will lay off 20% of its workforce this year.
7:00 PM EST | February 23, 2016
Canada's Encana Cuts 2016 Capex by More Than a Quarter
Canadian oil and gas producer Encana Corporation cuts its 2016 capital budget by more than a quarter to $1.7 billion.
7:00 PM EST | December 13, 2015
Encana Posts Loss, Accelerates Activity In US Permian Basin
Encana reports a third-quarter loss, but an increase in oil production.
7:00 PM EST | November 11, 2015
Encana To Sell Denver Julesburg Basin Assets For $900M
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.
8:00 PM EST | October 07, 2015
Shale Driller Debt Burden Puts 400,000 Oil Barrels at Risk
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.
8:00 PM EST | September 17, 2015
Encana to Sell Haynesville Nat Gas Assets for $850M
Encana reaches an agreement to sell its Haynesville natural gas assets, located in northern Louisiana.
8:00 PM EST | August 24, 2015
Canada's Encana Lays Off 200 Employees In July Amid Oil Slump
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.
8:00 PM EST | July 23, 2015
Encana Says to Explore Sale of Haynesville Gas Properties
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.
8:00 PM EST | April 19, 2015
Encana Cuts 2015 Budget After 85% Fall In Operating Profit
Encana slashes its 2015 capital budget by a quarter in response to a slump in global crude oil prices.
7:00 PM EST | February 24, 2015
Canada's Encana To Raise 2015 Spending, Bucks Industry Trend
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.
7:00 PM EST | December 15, 2014
Encana's Operating Profit Nearly Doubles On Higher Oil Production
Encana says its quarterly operating profit jumped 87% due to higher production of oil and natural gas liquids.
7:00 PM EST | November 11, 2014
SBM Completes Loan Deal to Fund Deep Panuke Facility
SBM Offshore completes a $450-million loan deal to fund the Deep Panuke Production Field Centre offshore Canada.
7:00 PM EST | November 03, 2014
Encana To Sell Some Natural Gas Assets In Alberta For $541M
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.
8:00 PM EST | October 07, 2014
Encana Buying Athlon Energy For $5.93 Billion
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.
8:00 PM EST | September 28, 2014
Encana To Raise C$2.6B In Sale Of PrairieSky Stake
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.
8:00 PM EST | September 07, 2014
Encana Oil Production Rise Offsets Profit Fall On Weak Natgas
Encana said oil and natural gas liquids production climbed 43% year-on-year in the second quarter of 2014.
8:00 PM EST | July 23, 2014
Chesapeake Faces Trial On Bid-Rigging In Michigan Lease Sale
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.
8:00 PM EST | July 09, 2014
Encana To Sell Bighorn Assets For About $1.8B
Encana agrees to sell its Bighorn operations in Canada to Jupiter Resources, which includes about 360,000 acres of land.
8:00 PM EST | June 26, 2014
Encana Operating Profit Doubles On Higher Gas Prices, Liquids Output
Encana says its first-quarter operating profit more than doubled, helped by higher gas prices and liquids production.
8:00 PM EST | May 12, 2014
Encana To Double Oil Output With $3.1B US Shale Deal
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.
8:00 PM EST | May 06, 2014
Encana To Sell Some Texas Gas Assets For $530M
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.
8:00 PM EST | April 28, 2014
Encana To Sell Nat Gas Assets To TPG Capital For $1.8B
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.
8:00 PM EST | March 30, 2014