Tags » EnCana Corporation

Drillers taking it slow on shale wells in bid to squeeze out more oil

Encana Corp. wants to ensure the shale-oil boom keeps booming.

The Canadian producer is among a growing number of companies that are restricting initial output — a process known as choking back — in basins from North Dakota to Texas. 823 more words


Sour gas detected in air after well blowout in northwest Alberta

Small amounts of sour gas detected in the air around a blowout at a northern Alberta natural gas well are so minimal they pose no risk to human health, an Encana spokesman said Tuesday. 335 more words


Energy regulator reports natural gas well blowout in northern Alberta

The Alberta Energy Regulator was investigating a blowout Monday that happened at an Encana natural gas well in northern Alberta.

Spokesman Peter Murchland said the blowout was reported at about 2 p.m. 249 more words

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Oil industry's biggest spenders transform into stressed sellers in crude slump

The energy industry’s biggest acquirers when the oil market was hot are turning into pressured sellers in the worst crude slump since the 1980s.

Encana Corp., after making about US$9.9 billion of oil and natural gas purchases in 2014, announced North America’s most sizable energy land sale this year, with a deal Tuesday to unload its Louisiana assets for US$850 million to lower debt. 732 more words


Encana to exit Louisiana, reap $1.3 billion US in cash and savings through sale

Encana Corp. is exiting Louisiana through a proposed deal worth more than $1.3 billion US in cash and savings.

The Calgary-based oil and gas producer will receive $850 million US cash and reduce its commitments by about $480 million through the sale of its Haynesville natural gas assets in northern Louisiana, under an agreement announced Tuesday. 123 more words


With eye on debt, Encana Corp sells Louisiana natural gas assets to reap US$1.3B in cash and savings

CALGARY – In an effort to pay down its debt and narrow its focus on fewer oil and gas plays, Encana Corp. struck a deal to sell off its natural gas assets in Louisiana for US$850 million on Tuesday. 452 more words


PrairieSky Royalty Ltd revenue rises 31% in second quarter despite weak oil prices

CALGARY – Despite weak oil prices and a slowdown in oilfield activity, PrairieSky Royalty Ltd. was able to grow its revenues by 31 per cent between the first and second quarter. 120 more words