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Calgary-based Encana to sell $625M worth of Alberta oil assets

Calgary-based Encana Corp. (TSX:ECA) is selling some assets in northwestern Alberta to Birchcliff Energy Ltd. (TSX:BIR) for $625 million.

The company said Tuesday that the sale includes wells producing 25,200 barrels of oil equivalent a day, along with pipelines and other infrastructure, on about 22,000 hectares of land. 133 more words

Money

Unending Trouble & Unending Petitions

Source: End Data Caps | OpenMedia

Please sign the petition that the link leads to. If you don’t think we’re being ripped off (and it stands poised to get worse), then, I’m sorry to say, you’re just not paying attention. 1,482 more words

General

Calgary-based Encana posts US$379M loss in first quarter

Calgary-based Encana Corp. (TSX:ECA) reported Tuesday a US$379-million net loss for the first quarter mainly due to writedowns and lower oil and gas prices as revenue fell 40 per cent compared with the same time last year. 306 more words

Money

Encana to cut work force by another 20%

CALGARY – The head of Encana offered a blunt take on the accumulating layoffs in the oil and gas sector as the Calgary-based energy giant announced plans Wednesday to cut its workforce by 20 per cent this year. 393 more words

Money

More spending cuts in Canadian oilpatch as crude tests new lows

Oil prices briefly touched new lows in the current downturn Monday as producers and drillers continued to dramatically reduce spending in 2016 in response to the crash. 568 more words

Energy

Encana Selling Holdings In Colorado's DJ Basin

DENVER (AP) ‚ÄĒ Encana Corp. is selling some once prized oil and gas holdings in Colorado.

The Canadian company announced Thursday that its U.S. subsidiary has reached a deal to sell its assets in the oil-rich Denver Julesburg Basin to a partnership headed by the Canada Pension Plan Investment Board. 75 more words

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