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Topic: EnCana


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In the News (Sun 29 Nov 09)

  
  EnCana eyes massive Calgary development | myTELUS
The other EnCana tower may be between 40 to 50 storeys and the two towers might be connected over 6th Ave., at the fourth or fifth storey level, according to real estate speculation.
EnCana spokeswoman Almas Kassam said no start-up date has been set, but that the target is to have the project completed within five years.
Richardson confirmed he is in negotiations with EnCana's agent about the sale of his properties that sit in the block bounded by 5th Ave to the south, 6th Ave on the north, 1st Street on the east and Centre Street to the west.
www.mytelus.com /news/article.do?articleID=2101096&pageID=ab_archive   (1818 words)

  
 Key Facts on EnCana Corp   (Site not responding. Last check: 2007-10-23)
EnCana is one of the largest landholders in Atlantic Canada, with an active offshore exploration programs in Newfoundland and in Nova Scotia, where the company is moving forward with a planned $1.1 billion development of the Deep Panuke gas field.
EnCana and its partners in the "Buzzard" light oil discovery in the North Sea - licence areas P986/P928 (Southern Area) - have successfully completed the last of three wells in their appraisal programme, and are now beginning the development phase.
EnCana is on track to meet its 2004 sales guidance of between 690,000 and 735,000 BOE per day, comprised of between 2.7 billion and 2.85 billion cubic feet of natural gas per day and between 240,000 and 260,000 barrels of oil and NGLs per day.
www.keyfacts.co.uk /encana.asp   (3908 words)

  
 RIGZONE - EnCana Earns US$2.4 Billion in 2003
EnCana's other major oil development this year was the completion and opening of the OCP Pipeline in Ecuador, a five-year project that enabled EnCana to double its production to more than 70,000 barrels of oil per day in the fourth quarter.
EnCana is the operator of Buzzard, holding approximately 43 percent of the field, which is expected to produce about 75,000 barrels per day of light, royalty-free oil net to EnCana once the field reaches plateau level.
EnCana is focusing its efforts on reducing the per-unit operating costs at Scott-Telford and accumulating substantial operating experience that it intends to apply in the development and daily operations of the Buzzard project.
www.rigzone.com /news/article.asp?a_id=11229   (3973 words)

  
 EnCana sells Ecuador oil assets to Chinese group   (Site not responding. Last check: 2007-10-23)
Encana has been trying to sell the assets for more than a year, but was holding out for a better price.
EnCana, North America‘s biggest independent oil explorer, said the price was near the middle of its target range, and equal to the net book value of the production and pipeline business.
EnCana Chief Executive Gwyn Morgan had said state-owned oil companies were logical buyers for the assets, partly due to their higher tolerance for political risk.
www.leadingthecharge.com /stories/news-0071998.html   (693 words)

  
 Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.
The EnCana sale marked another setback for the efforts of India's ONGC oil company to purchase assets abroad, as ONGC was also involved in the bidding for EnCana, before withdrawing from the race.
EnCana had purchased 40% equity in Block-15 from US oil company Occidental, but the Ecuadorian government had not sanctioned the sale and had threatened to cancel the license.
Sources said ONGC had asked EnCana to guarentee that the license would not be cancelled, a condition the Canadian firm refused to fulfill, leading to the Indian firm's withdrawal.
www.atimes.com /atimes/China_Business/GI17Cb01.html   (763 words)

  
 petroleumworld
EnCana said it hoped to grow its North American oil and natural gas sales by 15 to 20 percent between 2006 and 2009.
EnCana's Foster Creek project, its largest and most advanced project, is in the midst of doubling its planned production to an estimated 60,000 barrels per day by the end of 2006, but has the potential to grow to 150,000 barrels per day, Eresman said.
EnCana was created by the merger of the former Canadian Pacific-owned PanCanadian Petroleum and Alberta Energy Co. in 2002.
www.petroleumworld.com /storyt05110801.htm   (625 words)

  
 Careers at Encana :: Interview with Encana
Encana, one of North America’s largest independent gas and oil producers.Encana’s name is derived from Energy, Canada, and Alberta, but EnCana encompasses more than Canada’s major oil patch.
Encana openings and current opportunities - new openings with Encana for experienced professionals and fresh college graduates.
Encana blogs - see if any current employees of Encana are blogging and what they are writing.
www.interviewat.com /encana   (204 words)

  
 EnCana-Texas, Bgt 1st Writethru   (Site not responding. Last check: 2007-10-23)
EnCana (TSX:ECA) will buy interests in a 2,680 square kilometre exploration block in the Maverick Basin along the Mexican border held by the Exploration Co. of San Antonio, Tex. "In recent years we have established new basin positions in certain locations in Texas," EnCana spokesman Alan Boras said Tuesday.
Theal said that while EnCana was keen to be a bigger natural gas producer in Texas, competition is tough and lands are hard to acquire since the state is a key focus area for U.S. rivals like Oklahoma City-based Devon Energy (TSX:DVN) and Houston-based Anadarko Petroleum (TSX:APC).
EnCana, with about 4,200 employees, has now sold more than $10 billion Cdn of assets since early 2002, when the company was created by the merger of the former Canadian Pacific-owned PanCanadian Petroleum and Alberta Energy Co.
www.cbc.ca /cp/business/050927/b0927100.html   (710 words)

  
 EnCana Corporation   (Site not responding. Last check: 2007-10-23)
EnCana is a reporting issuer in all provinces and territories of Canada that incorporate such a concept in their legislation.
EnCana is not in default of any requirements of the applicable securities legislation in any of the provinces or territories in which it is a reporting issuer.
EnCana proposes to deliver the financial statements and MDandA to the shareholders of EnCana entitled to receive them not later than the last date upon which they are required to be filed with the Commission in compliance with the Alberta Act.
www.msc.gov.mb.ca /orders/encana.html   (433 words)

  
 EnCana’s yield of dreams - [Sunday Herald]
EnCana, formed from the merger of PanCanadian and Alberta Energy Company, may not be a household name in the UK, yet it is one of North America’s largest independent oil and gas companies with an enterprise value of around $23bn.
His conviction on Buzzard stemmed from the fact that the three elements of a good find – the reservoir, trap and source rock – were all present, although it is not possible to assess any prospect properly until you drill, and drilling costs a lot.
His mandate is to grow EnCana UK to a business producing a minimum of 100,000 barrels of light oil a day and to drill five exploration wells.
www.sundayherald.com /38304   (1202 words)

  
 Citizens resource for coalbed methane activity in British Columbia
EnCana, a relative newcomer to Colorado, is a Canadian supercorp which in a short period has had numerous violations and racked up record fines with the Colorado Oil and Gas Conservation Commission.
EnCana has polluted water supplies, caused evacuations of homes, talked of outsourcing Colorado jobs to Chinese workers and has been blamed by residents for tumors and other sudden ailments.
EnCana closed the book on a six-year stay in Ecuador, selling its contentious South American assets to a state-owned Chinese oil venture for $1.42 billion US.
www.cbmwatch.ca   (745 words)

  
 EnCana: EnCana generates 2005 cash flow of US$7.4 billion, or $8.35 per... | CALGARY, USA, EnCana, US$8.35 per share ...   (Site not responding. Last check: 2007-10-23)
EnCana replaced 271 percent of its 2005 production and increased total proved reserves by 18 percent to 18.5 trillion cubic feet of gas equivalent (Tcfe) by adding 4.5 Tcfe, compared to production of 1.7 Tcfe.
EnCana's North American oil and NGLs sales forecast is unchanged and remains about the same as 2005, with additional volumes expected to come on stream near year-end from an expansion of steam-assisted gravity drainage (SAGD) production at Foster Creek.
EnCana has a series of non-core asset divestitures well underway that are expected to generate between $3 billion and $3.4 billion this year, with proceeds designated to share purchases and debt reduction.
webbolt.ecnext.com /coms2/description_59286_EnCana170206_ENE   (1735 words)

  
 EnCana   (Site not responding. Last check: 2007-10-23)
EnCana Corp., whose CEO announced his coming retirement Tuesday, says the company's third-quarter profit sank 32 per cent to $266 million US after an after-tax loss of $604 million for accounting of energy...
EnCana Corp. said chief executive Gwyn Morgan will step down at year's end after leading the company for more than a decade and building it into the largest natural-gas producer in the U.S. and Canada.
EnCana sells Ecuadorean oil assets to China CALGARY -- EnCana Corp. closed the book on a six-year stay in Ecuador, selling its contentious South American assets to a state-owned Chinese oil venture for $1.42 billion US.
www.boarc.com /Companies/EnCana.html   (695 words)

  
 Asia Times Online :: South Asia news, business and economy from India and Pakistan
But the Encana bid was not the only one that Chinese oil companies have won against India lately.
OVL wanted a guarantee from Encana that the license would not be canceled, which the Canadian firm refused; this in turn forced OVL to withdraw from the race.
And this is evident in not only the PetroKazakhstan or the Encana deal, but also in other deals where the country was pitted against India.
www.atimes.com /atimes/South_Asia/GI29Df01.html   (1334 words)

  
 OVL withdraws from EnCana's race - Sify.com   (Site not responding. Last check: 2007-10-23)
EnCana had acquired 40 per cent interest in Block 15, part of the assets the Canadian firm had put on sale, from Occidental of US but the deal had no prior approval of the Ecuador government.
"EnCana could not guarantee such an immunity leading to OVL withdrawing from the race," sources said.
OVL could have got EnCana's Ecuador asset even after the Chinese firm bid $20 million more than its previous bid but was prevented from proceeding any further by the condition imposed by the Indian government that it should cover its risks in Block 15 for any acquisition.
sify.com /finance/equity/fullstory.php?id=13940093   (383 words)

  
 Squeezing Out Oil, Gas, And Profits
Gwyn Morgan was a 31-year-old petroleum engineer for the Alberta Energy Co. when he began supervising the drilling of the Suffield natural-gas field in a rural corner of the western Canadian province, an area used for training exercises by Canada's army.
EnCana is working with Premcor Inc., an Old Greenwich (Conn.)-based company, to refine sticky bitumen sooner in the production cycle and cut the cost gap with lighter crude.
EnCana's solid operating performance, its land, and proven reserves, would make for a nice addition to the portfolio of a cash-rich supermajor -- especially Royal Dutch/Shell Group (RD), which last year embarrassingly had to revise its reserves downward.
www.businessweek.com /magazine/content/05_18/b3931102_mz017.htm   (1214 words)

  
 EnCana Stock Report (ECA) | Quote & News
EnCana and Nova Scotia establish framework for Deep Panuke natural gas development (PRN)
Calgary-based EnCana became a major North American oil and gas producer after the merger of PanCanadian Energy and Alberta Energy in 2002.
EnCana then reshaped its portfolio via asset sales and acquisitions to become a leading producer of unconventional oil and gas in Canada and the U.S. with extensive reserves and undeveloped properties.
quote.morningstar.com /Switch.html?ticker=ECA   (301 words)

  
 Glenwood Springs Post Independent - Valley News
EnCana committed to the environmental work partly because of the property's proximity to the plateau, said David Petrie, director of regulatory and governmental affairs for EnCana.
EnCana has also used operational strategies to minimize impacts to the environment, McInnis said, such as pitless drilling that pipes drilling mud, production water, petroleum byproducts and fracturing fluids to enclosed tanks rather than open air pits.
EnCana has also installed a pipeline that carries water to drill rigs, eliminating a lot of truck traffic, he added.
www.postindependent.com /article/20060118/VALLEYNEWS/101180027   (906 words)

  
 CNW Group
EnCana's first quarter net earnings of $1.70 per share, or $1.47 billion, were positively impacted by an unrealized $830 million after-tax gain due to mark-to-market accounting of commodity price hedges.
EnCana reports in U.S. dollars and all financial references in this news release are in U.S. dollars unless otherwise noted.
EnCana's Ecuador assets and its natural gas liquids business were sold and are discontinued.
www.newswire.ca /en/releases/archive/April2006/26/c0460.html   (575 words)

  
 EnCana News
Canadian stocks may fall, led by commodity producers including EnCana Corp. and Alcan Inc., after the economy in the U.S., Canada's biggest trading partner, slowed more than expected in the second quarter.
Some of the world's biggest energy companies, among them Calgary-based EnCana Corp., have gathered in a tiny town on Greenland's west coast to consider developing one of the last untapped offshore oil...
Who's moving on in Alberta EnCana Corp. has appointed Mike Graham, the company's executive vice-president and president for Canadian foothills, as president of its Canadian region, which is a consolidation of...
www.topix.net /com/eca   (707 words)

  
 EnCana-Texas, Bgt   (Site not responding. Last check: 2007-10-23)
The deal continues a rapid expansion of EnCana's operations in the United States, where the Canadian company is a major natural gas producer in the Rocky Mountain states.
Within two years, or the joint drilling of 15 wells, TXCO and EnCana will try to divide the lands, with each holding 100 per cent of their properties.
The Exploration Co. is an independent oil and gas producer with interests primarily in the Maverick Basin of southwest Texas.
www.cbc.ca /cp/business/050927/b092762.html   (718 words)

  
 EnCana to Support Kinder Morgan-Sempra Energy $3 Billion
Under the MOU, EnCana Marketing (USA) Inc. has agreed to negotiate with the Kinder Morgan-Sempra Energy project for firm transportation capacity on the pipeline during an upcoming binding open season.
Under the terms of the MOU and subject to final negotiations, it is contemplated that the Entrega Gas Pipeline would be sold to the Kinder Morgan-Sempra Energy project group.
As designed, the preliminary route of the Rockies Express Pipeline will originate at the Cheyenne Hub in northeastern Colorado and extend to eastern Ohio with an ultimate route to be selected based on shipper interest.
www.energyinfo.ws /news/EIAAAAVA.shtml   (1167 words)

  
 Encana   (Site not responding. Last check: 2007-10-23)
The company won the Improving Physical or Social Infrastructure Award, sponsored by SNC - Lavalin International, at the Canadian Manufacturers and Exporters 12th annual Canadian Awards for International Co-operation in Calgary.
EnCana was one of nine companies honored at the awards presentation, which was part of International Development Days 2004.
The award is granted to projects implemented by Canadian companies in developing nations that, by improving economic or social conditions, create progress in the local economy with the aim of achieving sustainable medium- and long-term development to reduce poverty.
www.cbsr.bc.ca /newsletter/encana.htm   (286 words)

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