EnCana Company News

Recent Articles

Results 50 articles shown

Ovintiv's Head of Exploration Exits
Monday, June 22, 2020David G. Hill will leave the company on June 30.

Ovintiv Nixing Jobs Across North America
Wednesday, June 17, 2020The layoffs are coming roughly equally from offices in Calgary, Denver and The Woodlands, Texas, as well as from field staff.

Suttles to Take on Additional Role at Ovintiv
Friday, May 29, 2020Ovintiv CEO Doug Suttles will assume the responsibilities of president upon the retirement of Michael McAllister.

Newfield Founder Joe Foster Passes Away
Tuesday, May 12, 2020Foster started Newfield in 1989 with a team of 26 employees and $9 million of equity capital.

Investors Tightening the Screws on Oil, Gas Acquisitions
Monday, February 17, 2020M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.

Encana Investors Approve US Move
Tuesday, January 14, 2020Encana 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.

Encana Investor to Vote Against Plan to Flee Canada
Tuesday, November 19, 2019One 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.

Encana Picks Denver for New Headquarters
Thursday, November 07, 2019Encana Corp., which is moving from Canada to the U.S., will locate its new headquarters in Denver, where CEO Doug Suttles lives.

Encana to Become US Firm with New Name
Thursday, October 31, 2019Calgary-based Encana unveiled plans to move its corporate domicile from Canada to the United States and change its name to Ovintiv.

Encana to Divest Arkoma Acreage
Monday, July 08, 2019Encana's Newfield subsidiary plans to sell its natural gas assets in Oklahoma’s Arkoma Basin.

Energy Stocks Hurt By Oil Slump Want Value Investors
Thursday, June 06, 2019The Russell 3000 reconstitution later this month will be key for energy companies vying for investor attention, given an already low weighting in the index.

Encana and Alta Mesa Cut Jobs in Houston
Monday, March 04, 2019The two companies announced staff cuts in the Houston area.

Encana to Acquire Newfield for $5.5 Billion
Thursday, November 01, 2018Encana reverses course with a $5.5 billion acquisition of a US shale producer in what will be the company's biggest-ever deal.

DJR Energy to Acquire $480MM Worth of San Juan Assets from Encana
Monday, October 01, 2018The deal will provide DJR Energy with 182,000 net acres in the San Juan Basin in New Mexico.

Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.

Encana Skirts North American Pipeline Mess to Protect Prices
Tuesday, May 01, 2018Encana has so far avoided the pipeline bottlenecks, thanks to the company's hedging program and transportation agreements.

Permian's Mammoth Cubes Herald Supersized Future for Shale
Thursday, February 22, 2018In the scrublands of West Texas there's an oil-drilling operation like few that have come before.

Why Canada Is The Next Frontier For Shale Oil
Monday, January 29, 2018Canada is the first country outside the United States to see large-scale development of shale resources.

Encana Calls End to Permian Race as Focus Turns to Output
Wednesday, October 18, 2017Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.

Canada's Encana Smashes Profit Estimates, Shares Rise
Friday, July 21, 2017Encana posts a quarterly profit that handily beat analysts' estimates and raised its full-year core asset production growth forecast.

Encana To Sell Natgas Assets To Caerus Oil For $735MM
Friday, June 09, 2017Encana says it will sell its Piceance natural gas assets in northwestern Colorado for $735 million.

Encana Boosts Capital Spending By 50% Amid Oil Recovery
Thursday, February 16, 2017Encana reports a better-than-expected quarterly operating profit, helped by a cash tax recovery.

Encana On Track To Exceed 2017 Budget Plan
Wednesday, January 04, 2017Encana met its projected 2017 operations activity and rig count in December, building momentum for its five-year plan, CEO Doug Suttles says.

Encana Says 2016 Costs Down By $50 Million
Wednesday, October 05, 2016Encana says it has made $50 million in cost savings in 2016.

Canada's Encana Posts Smaller Loss, Raises 2016 Capital Spend Plan
Thursday, July 21, 2016Canadian oil and gas producer Encana Corporation reports a smaller quarterly loss thanks to its ongoing cost-cutting drive.

Canadian Energy Earnings Hint at Brighter Outlook for Oil
Thursday, July 21, 2016The 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.

SandRidge Says It Is No Longer Target of Antitrust Probe
Friday, April 15, 2016Oil 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.

In Drive to Deflate Natural Gas Surplus, US Pounces on Canada
Friday, March 11, 2016US gas drillers, battered by the lowest prices in 17 years, find another release valve for their output: Canada.

Canada's Encana Cuts 2016 CAPEX, To Lay Off 20% Of Workforce
Wednesday, February 24, 2016Encana cuts its 2016 capital spending forecast, saying it will lay off 20% of its workforce this year.

Canada's Encana Cuts 2016 Capex by More Than a Quarter
Monday, December 14, 2015Canadian oil and gas producer Encana Corporation cuts its 2016 capital budget by more than a quarter to $1.7 billion.

Encana Posts Loss, Accelerates Activity In US Permian Basin
Thursday, November 12, 2015Encana reports a third-quarter loss, but an increase in oil production.

Encana To Sell Denver Julesburg Basin Assets For $900M
Thursday, October 08, 2015Encana 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, 2015As 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, 2015Encana 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, 2015Encana 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, 2015Encana 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, 2015Encana 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, 2014Encana 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, 2014Encana 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, 2014SBM 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, 2014Encana 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, 2014Encana 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, 2014Encana 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, 2014Encana 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, 2014A 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, 2014Encana 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, 2014Encana 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, 2014Encana 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, 2014Encana 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, 2014Encana 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.