Encana reported an increase of 24 MBOEPD from Q2 averages Calgary-based Encana Corp (ticker: ECA) reported today that production from its four main assets increased to 257,000 barrels of oil equivalent per day (MBOEPD), up 24 MBOEPD from the average production of 223 MBOEPD in the second quarter of 2015. Operations in the Permian, Eagle Ford, Duvernay and Montney will
Calgary-based Encana Corporation (ticker: ECA) made a big jump in reducing its debt on August 25, 2015, selling the entirety of its assets in the Haynesville for total cash consideration of $850 million. The buyer, GEP Haynesville (a joint venture involving GeoSouthern and funds managed by GSO Capital Partners LP), receives 217 MMcf/d of production and 720 Bcfe of proved
Royal Dutch Shell (ticker: RDS.A) is shifting around its U.S. onshore assets. Yesterday, the company announced it will acquire 155,000 net acres in the Pennsylvania Marcellus and Utica from Ultra Petroleum (ticker: UPL). Ultra agreed to pay Shell $925 million for 100% of Shell’s Pinedale asset in Wyoming. In separate agreement, Shell has agreed to sell 100% of its Haynesville
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