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Last €12.04 EUR
Change Today -0.296 / -2.40%
Volume 150.0
PCD1 On Other Exchanges
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As of 3:11 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

500 Centre Street SE

PO Box 2850

Calgary, AB T2P 2S5

Canada

Phone: 403-645-2000

Fax: 403-645-3400

Encana Corporation focuses on developing a portfolio of resource plays producing natural gas, oil, and natural gas liquids (NGLs). The company’s operations also include marketing natural gas, oil, and NGLs. The company’s operations are primarily located in Canada and the U.S. Its reserves and production are located in North America. Segments As of December 31, 2014, the company’s segments were Canadian Operations, USA Operations, and Market Optimization. Canadian Operations segment This segment includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities within Canada. Plays in Canada include Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Clearwater in central and southern Alberta, Deep Panuke located offshore Nova Scotia, and other and emerging. Other and emerging includes Cadomin/Doig in northeast British Columbia, Horn River in northeast British Columbia, and Granite Wash/Doig in northwest Alberta. Other upstream operations comprise plays that are not part of the company’s strategic focus, as well as prospective plays, which are under appraisal. In 2014, this segment drilled approximately 279 net wells. As of December 31, 2014, this segment had an established land position in Canada of approximately 5.6 million gross acres (4.1 million net acres), including approximately 2.8 million gross undeveloped acres (2.0 million net undeveloped acres). Plays and Other Activities Montney: Montney is a play located in the Canadian Rocky Mountain foothills, which extends from southwest of Dawson Creek, in northern British Columbia to northwest Alberta. In 2014, the company drilled approximately 79 net wells in the area. As of December 31, 2014, the company controlled approximately 574,000 gross undeveloped acres (395,000 net undeveloped acres) covering the deep basin Montney formation. The company has a partnership agreement with Mitsubishi Corporation to jointly develop certain lands primarily in the Montney. As of December 31, 2014, the company had natural gas processing capacity of approximately 700 million cubic feet per day (MMcf/d) with 8 plants located in Alberta and British Columbia under contract with third parties with commitment terms ranging from 3 to 17 years. The company also has gathering and compression capacity of 161 MMcf/d under a remaining 19 year commitment with a third party in the Pipestone/Sexsmith area. In addition to the contracted capacity, the company owns natural gas processing capacity of approximately 175 MMcf/d at three plants located in Alberta, with plant capacities ranging from 115 MMcf/d to 210 MMcf/d, of which the company holds an approximate 60 percent ownership interest in the Sexsmith plant that has total capacity of approximately 210 MMcf/d (net 125 MMcf/d to the company). Duvernay: Duvernay is a play located in west central Alberta and includes properties that are primarily located in the Duvernay formation. The focus of development is on exploiting shale gas and condensate in the Duvernay formation. In 2014, the company drilled approximately 24 net wells in the area. As of December 31, 2014, the company controlled approximately 563,000 gross undeveloped acres (345,000 net undeveloped acres) in the Duvernay formation. The company has an agreement with PetroChina Company Limited to jointly explore and develop certain Duvernay lands. The company holds an approximate 50.1 percent ownership in two Simonette gas plants with a combined natural gas processing capacity of 55 MMcf/d (net 28 MMcf/d to the company) and NGLs production capacity of 10 thousand barrels per day (Mbbls/d) (net 5.0 Mbbls/d to the company). Other Upstream Operations Clearwater: Clearwater is a play located primarily in central and southern Alberta, and includes both natural gas and oil resources. In 2014, the company drilled approximately 174 net natural gas wells. As of December 31, 2014, the company controlled approximately 737,000 gross undeveloped acres (570,000 net undeveloped acres) in the play. Deep Panuke: The company is the owne

 

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