Search results for: Encana

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  • 2 May 2011

      Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, has completed a benchmark upstream joint-venture development agreement with Northwest Natural Gas Company, a Portland, Oregon-based natural gas distributor. The Public Utility Commission of Oregon recently approved the agreement that will see Northwest Natural invest about US$250 million over the next five years […]

  • 15 May 2015
    Exploration & Production

    The production from the Encana Corporation’s Deep Panuke platform, located offshore Nova Scotia, has been shut in.  The production was shut in due to excess of water in its natural gas reservoir. In the 1Q 2015 results published on May 12, 2015, Encana President and CEO, Douglas James Suttles, said that Encana went to a seasonal operating strategy in […]

  • 25 August 2011

    Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, has initiated a process to divest of its North Texas natural gas producing assets in the Fort Worth Basin located in the Barnett Shale play. Scotia Waterous (USA) Inc. has been retained as advisor to assist in the process. “The initiation of the process […]

  • 25 August 2015

    Encana Corporation informed that its unit, Encana Oil & Gas (USA), has reached an agreement to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville, a joint venture formed by GeoSouthern Haynesville and funds managed by GSO Capital Partners.

  • 14 December 2012

    Encana Corporation has entered into a joint venture arrangement with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to explore and develop Encana’s extensive undeveloped Duvernay land holdings in west-central Alberta. Under the terms of the agreement, Phoenix will gain a non-controlling 49.9% interest in Encana’s approximately 445,000 acres in the Duvernay play for […]

  • 15 November 2011

    Encana Corporation has completed a public offering in the United States of US$600 million notes with a coupon rate of 3.90% due November 15, 2021 and US$400 million notes with a coupon rate of 5.15% due November 15, 2041. The net proceeds of the offering will be used to repay a portion of Encana’s commercial […]

  • 13 November 2015

    Encana Corporation’s unit, Encana Oil & Gas (USA), completed the sale of its Haynesville natural gas assets in northern Louisiana, to GEP Haynesville.

  • 21 June 2011

    Encana Corporation and PetroChina International Investment Company, a subsidiary of PetroChina Company Limited, have ended negotiations for a proposed joint venture concerning Encana’s Cutbank Ridge business assets after the parties were unable to achieve substantial alignment with respect to key elements of the proposed transaction, including the joint operating agreement. “After close to a year […]

  • 9 February 2012

    Encana Corporation has closed the sale of its natural gas processing assets in the Cutbank Ridge area for an aggregate purchase price of approximately C$920 million. In December, Encana announced its agreement to sell the midstream assets to Veresen. The sale includes Encana’s 100 percent interest in the Steeprock plant in northeast British Columbia and […]

  • 11 June 2012

    Encana Corporation released its annual Corporate Responsibility Report, providing a detailed review of the company’s environmental, social and governance performance for 2011. The report profiles the company’s efforts to achieve its corporate responsibility goals as an operator, employer and partner of choice. Highlights from Encana’s 2011 report include: Continuous commitment to strong corporate governance practices […]

  • 22 December 2011

    Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, has closed the sale of the majority of its divestiture of North Texas natural gas producing properties and has received proceeds of approximately US$860 million for those assets. The receipt of the remaining proceeds is subject to completion of additional closing conditions that Encana […]

  • 3 November 2011

    Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, has reached an agreement to sell its North Texas natural gas producing properties to certain partnerships managed by EnerVest, Ltd. of Houston, Texas for approximately US$975 million. With the completion of this divesture, plus other non-core asset sales, Encana expects to have net divestitures […]

  • 20 April 2012

    Encana Corporation said it has reached an agreement with Toyota Tsusho Wheatland Inc., a subsidiary of Toyota Tsusho Corporation, that will see the Japanese company invest approximately C$602 million to acquire a 32.5 percent royalty interest in natural gas production from a portion of Encana’s coalbed methane (CBM) resource play. The agreement includes production from […]

  • 24 April 2014
    Project & Tenders

    Ferus Natural Gas Fuels completed the purchase of Encana Corporation’s 50 percent interest in the Elmworth, Alberta 190,000-litre per day LNG production facility, retaining key Encana technical and management personnel. Phase one of the Elmworth LNG facility, which was constructed as a 50/50 joint venture partnership between Ferus NGF and Encana, will be operational in […]

  • 21 July 2011

      Encana Corporation delivered strong operational performance and solid financial results in the second quarter of 2011, growing natural gas and liquids production by 4 percent per share from the second quarter in 2010. Cash flow was US$1.1 billion, or $1.47 per share. Operating earnings were $166 million, or 22 cents per share. As a […]

  • 1 October 2013

    As part of its ongoing strategy development process, Encana announced its new organizational structure and the members of its Senior Management Team who will report directly to President & CEO Doug Suttles. “The new organizational structure aligns with the core competencies needed to get Encana back to winning. These include resource identification, operational excellence, market […]

  • 13 February 2014

    Encana Corporation concluded 2013 by meeting or exceeding guidance on all of its key operating and financial metrics during a year in which it announced a new president & CEO and launched a bold change in its strategy. Solid results have already been achieved on primary themes of the strategy announced by the company in the fourth quarter, […]

  • 20 October 2011

    Encana Corporation continued to deliver strong operational performance and solid financial results in the third quarter of 2011, growing natural gas and liquids production by 6 percent per share from the third quarter of 2010. Encana generated third quarter cash flow of US$1.2 billion, or $1.57 per share, and operating earnings were $171 million, or […]

  • 17 February 2012
    Project & Tenders

    Encana Corporation has entered into an agreement with Mitsubishi Corporation that will see the Japanese global integrated business enterprise invest approximately C$2.9 billion for a 40 percent interest in the Cutbank Ridge Partnership. The Partnership holds about 409,000 net acres of Encana’s undeveloped Montney-formation natural gas lands in the company’s Cutbank Ridge resource play in […]

  • 1 October 2013
    Business & Finance

    As part of its ongoing strategy development process, Encana announced today its new organizational structure and the members of its Senior Management Team who will report directly to President & CEO Doug Suttles. “The new organizational structure aligns with the core competencies needed to get Encana back to winning. These include resource identification, operational excellence, […]

  • 26 February 2012

    Encana Natural Gas, a subsidiary of Encana Corporation, one of North America’s largest natural gas producers, Friday opened the first liquefied natural gas (LNG) fueling station in Louisiana. Located at The Relay Station in Frierson, the station which will serve the fueling needs of heavy duty truck fleets is open for public use. The station […]

  • 22 August 2011
    Project & Tenders

    Pivotal LNG, a subsidiary of AGL Resources Inc., has signed an agreement with Encana Natural Gas Inc., a subsidiary of Encana Corporation, to supply liquefied natural gas (LNG) that Encana plans to offer to service providers operating fleet trucks in the Haynesville area of Louisiana. Encana will dispense the LNG through mobile and permanent public […]