Sustainable model delivered free cash flow, strong growth in proved reserves and high-margin liquids Fourth quarter and full-year 2018 highlights: Fourth quarter total production of 403,400 barrels of oil equivalent per day Fourth quarter liquids production grew more than 25 percent year-over-year, to 192,700 barrels per day Full-year total production of 361,200 BOE/d Full-year liquids production up 30 percent [...]
Encana Corp. plans to release its 2019 first quarter financial and operating results prior to market open on Tuesday, April 30, 2019. In addition, accompanying slides and financial statements will be available on the Company’s website at www.encana.com under Investors/Presentations & Events. A conference call and webcast to discuss the 2019 first quarter results will be held the same day at 7 a.m. MT . To [...]
Sherri A. Brillon announces retirement Encana Corp. today announced the appointment of Corey D. Code as Executive Vice-President & Chief Financial Officer, effective May 1, 2019. Sherri A. Brillon, who has served as Encana’s CFO since 2009, will be retiring at the end of May 2019. “We are pleased that Corey will be joining our Executive Leadership Team,” said Doug Suttles, Encana President & CEO [...]
Plan to deliver unique combination of free cash flow, return of cash to shareholders and high-margin liquids growth 2019 full-year proforma capital investment plan set at $2.7 to $2.9 billion, with more than 75 percent allocated to its Core 3 liquids plays - Permian, Anadarko and Montney Company proceeding with plan to return cash to shareholders through $1.25 billion share buyback and recent dividend increase of 25 [...]
Fourth quarter and full-year 2018 highlights: Fourth quarter total production of 403,400 barrels of oil equivalent per day Fourth quarter liquids production grew more than 25 percent year-over-year, to 192,700 barrels per day Full-year total production of 361,200 BOE/d Full-year liquids production up 30 percent year-over-year to 168,100 bbls/d Generated full-year cash from operating activities of $2.3 billion; non-GAAP [...]
Encana announced today receipt of regulatory approvals for its planned $1.25 billion share buyback. On February 27, 2019, the Toronto Stock Exchange accepted its notice of intention to renew its normal course issuer bid through which Encana may purchase up to 149,425,839 common shares during the 12-month period commencing March 4, 2019 and ending March 3, 2020. The number of shares authorized for purchase represents 10 [...]
TSX, NYSE: ECA Encana Corp. plans to release its 2018 fourth quarter and year-end results and 2019 full-year guidance prior to market open on Thursday, February 28, 2019. The news release detailing Encana's 2018 fourth quarter and year-end results will provide operating and financial information. In addition, supplemental slides and financial statements will be available on the company's website, located at [...]
Encana Corp. announced today that it has completed its acquisition of Newfield Exploration Company in an all-stock transaction. “This acquisition creates North America’s premier resource company with large-scale positions in the core of the Permian, Anadarko and Montney,” said Doug Suttles, Encana President & CEO. “Our multi-basin portfolio provides tremendous investment optionality to deliver [...]
Encana Corp. and Newfield Exploration Company announced that the proposals necessary for the companies’ planned strategic combination were approved at the special shareholder meetings held today. The transaction will create North America’s premier resource company. The transaction is expected to close on February 13, 2019, subject to satisfaction of remaining customary closing conditions. Newfield stockholders [...]
TSX, NYSE: ECA Doug Suttles, Encana President & CEO, will be participating in a panel discussion at the Goldman Sachs Energy Conference in Miami, Florida, on Wednesday, January 9, 2019. The topic of the discussion, beginning at 8 a.m. ET, is Diversification, Discipline, Differentiation and Execution: Strategies for Large-Cap E&Ps. An updated corporate presentation from Encana will also be available the same day, January [...]
TSX, NYSE: ECA Encana Corp. announced today that its wholly-owned subsidiary, Encana Oil & Gas Inc., has completed the previously announced sale of its San Juan asset in New Mexico to Denver-based DJR Energy. “This transaction continues our track record of unlocking value from non-core assets,” said Doug Suttles, Encana President & CEO. “The proceeds from this sale add to our financial strength and [...]
Newfield Exploration Company today provided a slide deck with supplemental information regarding its previously announced combination with Encana Corp.. The slides can be found on the Company's website. Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Our U.S. operations are onshore and focus primarily on [...]