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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


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


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


Encana Selling Holdings In Colorado's DJ Basin

DENVER (AP) — 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


Natural gas well capped following blowout near Fox Creek

EDMONTON — Nearly one week after a natural gas well blew near Fox Creek, the damaged wellhead has been brought under control.

Encana said crews were able to cap the well and stop the flow of natural gas at around 1:50 p.m. 190 more words


Alberta gas well blowout still not capped

FOX CREEK, Alta. – Workers in northwestern Alberta were still fighting Thursday to control a blowout at a well that has been venting natural gas and small amounts of a toxic chemical. 199 more words


Natural gas well still spewing, but no health threat: Alberta energy regulator

FOX CREEK, Alta. – A blowout at a natural gas well in northwestern Alberta is still spewing gas and other chemicals into the air.

Crews first responded on Monday afternoon to the Encana well situated 18 kilometres west of Fox Creek. 426 more words