Reuters Encana Corp shareholder Letko, Brosseau & Associates Inc said on Tuesday it will vote against the oil and gas company’s proposed exit from Canada to the United States. The investment firm, which owns a nearly 4% stake in Encana, said the move will cause significant losses for Canadian investors. Encana was not immediately available for a comment. Last month,
Encana Closes on Sale of Arkoma Basin Natural Gas Assets
From Reuters Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. The United States imposed tariffs on imported steel and aluminum last year to shield U.S. producers from overseas competition. U.S. energy industry trade groups have warned the
By Tyler Losier, Energy Reporter, Oil & Gas 360 Encana sells Newfield Arkoma Basin natural gas assets Encana Corporation (stock ticker: ECA), a Canadian-based company with unconventional assets in multiple North American basins, has agreed to sell its natural gas assets in Oklahoma’s Arkoma Basin to an undisclosed buyer through its wholly owned subsidiary Newfield Exploration Mid-Continent Inc. Total cash
Encana and Newfield’s strategic combination receives shareholder approvals
Makes DJR the largest acreage holder in San Juan Basin core oil window Yesterday, privately held Denver-based DJR Energy closed on its acquisition of Encana Corporation’s (stock ticker: ECA) non-core San Juan Basin assets in northern New Mexico. Source: DJR Energy The asset includes: Approximately 182,000 net acres, representing Encana’s total land position in the play. Average production of
From Bloomberg Encana Corp.’s founder and former Chief Executive Officer Gwyn Morgan said he’s disappointed by the driller’s $5.5 billion purchase of Newfield Exploration Co., which moves focus to the U.S. and dashes his hopes that the company would represent Canada on the world stage. Morgan, who named the oil and gas producer Encana to evoke “Energy Canada,” blames the move
Encana acquires Newfield in all-stock transaction resulting in North America’s No. 2 unconventional producer Encana (ticker: ECA) announced the third major acquisition in the past four days today, acquiring Newfield Exploration (ticker: NFX). Newfield is a primarily SCOOP/STACK company, producing 143.7 MBOEPD from the basin. While the company also has operations in the Williston, Uinta and Arkoma basins, and produces
Boulder County’s lawsuit vs. Crestone spurs delay, Prop. 112 permitting deadline looms Late last week the Colorado Oil and Gas Conservation Commission (COGCC) postponed its scheduled hearing on the Crestone Peak Resources Operating, LLC Comprehensive Drilling Plan (CDP), following a request to postpone by Boulder County. The postponement of the hearing on the Crestone Peak CDP is pending the outcome of a
Encana (NYSE: ECA) reported Q2 earnings and hosted its conference call, including comments about improved differentials of the Eagle Ford in comparison to the Permian. Excerpts from Encana’s Q2 earnings call are below: Q: You mentioned that at today’s strip, Encana is going to generate free cash flow during 2018. If we look at the share buyback that you have
Permian now producing 90 MBOEPD Encana (NYSE: ECA) reported its Q2 results and more than doubled its cash from operating activities YOY and is on track to grow annual production by more than 30%. The company expects to generate free cash flow in 2018 as result. Highlights Cash from operating activities of $475 million, up 120% YOY Non-GAAP cash flow
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