Encana
 |
|
| Public | |
| Traded as | : ECA : ECA S&P/TSX 60 Component |
| Industry | Oil and gas |
| Predecessors | PanCanadian Energy Corporation and Alberta Energy Company |
| Founded | April 4, 2002 |
| Headquarters | Calgary, Alberta, Canada |
|
Key people
|
Doug Suttles (President and CEO) Clayton Woitas (Chairman of the Board) |
| Products | Natural gas liquids |
| Revenue |
 US$5.858 USD billion (2013) |
| US$1,048 | |
| US$236,000,000 | |
| Total assets | US$17.8 billion market capitalization (2014-10) |
|
Number of employees
|
3500 |
| Subsidiaries | Encana Oil and Gas USA |
| Website | www |
Encana Corporation produces, transports and markets natural gas, oil and natural gas liquids (NGLs). It was formed in 2002 and descends from the 19th century Canadian Pacific Railway and 'Canadian Pacific Oil and Gas' in the 20th century, respectively. All of Encana’s reserves and production are located in North America since other international assets were divested in the mid-2000s. The corporate headquarters are in Calgary, Alberta. Encana has onshore operations in Alberta and northeast British Columbia and a development off the coast of Nova Scotia. In the United States, Encana's subsidiary operates in Colorado, New Mexico, Wyoming, Texas, and Louisiana. After incorporating in 2006, Encana Corporation formed two subsidiaries in 2009, with Encana operating in "unconventional natural gas and natural gas liquids exploration, processing, and transportation, and an integrated oil company called Cenovus Energy.
In October 2015, Encana announced it would sell its Colorado oil and gas assets for $900 million.
Encana is Canada’s largest natural gas producer (Penty 2012-12 China Institute) with a large land position in western Canada of 7.0 million net acres, of which about 3.2 million net acres are undeveloped.
Encana's natural gas resource plays include: Bighorn in west central Alberta, Coalbed Methane, Cutbank Ridge in northern British Columbia, Peace River Arch in northwest Alberta, Clearwater in southern Alberta, including the emerging Clearwater Oil play, and Greater Sierra in northeast British Columbia. The Duvernay in west central Alberta is an emerging play. The Deep Panuke project produces and processes natural gas from approximately 250 kilometers offshore southeast of Halifax, Nova Scotia since 2013.
As of 31 December 2012[update] Bighorn is a 307,000 gross acres (266,000 net acres) resource play in west central Alberta with Resthaven, Kakwa, Redrock and Berland as primary properties. In 2012, Encana drilled approximately 31 net wells and produced about 242,000 barrels per day of natural gas and approximately 5,800 barrels per day of oil and NGLs.
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Wikipedia