Last C$25.64 CAD
Change Today +1.11 / 4.53%
Volume 6.9M
As of 4:18 PM 04/16/14 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

Calgary, AB T2G 1A6

Canada

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Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids (NGLs) in Canada and the United States. Divisions The company operates in the Canadian Division and the USA Division. Canadian Division The Canadian Division includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities within Canada. The following resource plays are located in the division: Cutbank Ridge in northern British Columbia; Bighorn in west central Alberta; Peace River Arch in northwest Alberta; Clearwater in southern Alberta, including the Clearwater Oil play; and Greater Sierra in northeast British Columbia. Cutbank Ridge: Cutbank Ridge is a resource play located in the Canadian Rocky Mountain foothills, southwest of Dawson Creek, British Columbia. In 2012, the company drilled approximately 41 net wells in the area. As of December 31, 2012, it controlled approximately 467,000 gross undeveloped acres (240,000 net acres) covering the deep basin Montney formation in British Columbia, with approximately 85,000 net acres located within its core development area near Dawson Creek. In 2012, the company entered into a partnership agreement with Mitsubishi Corporation subsidiary to jointly develop certain Cutbank Ridge lands in British Columbia. Bighorn: Bighorn is a resource play in west central Alberta. The focus is on exploiting multi-zone stacked Cretaceous sands in the Deep Basin. In 2012, the company drilled approximately 31 net wells in the area. As of December 31, 2012, the company controlled approximately 307,000 gross undeveloped acres (266,000 net acres) in the resource play. The company has a 70 percent ownership interest in the Resthaven gas plant, which has a processing capacity of approximately 100 millions of cubic feet per day (MMcf/d). Peace River Arch: Peace River Arch is a resource play located in northwest Alberta. The focus is on the continued development of the Montney formation in Alberta. In 2012, the company drilled approximately 26 net wells in the area. As of December 31, 2012, the company controlled approximately 254,000 gross undeveloped acres (236,000 net acres) in the Montney formation. The company holds a 60 percent ownership interest in the Sexsmith plant, which has a total capacity of approximately 115 MMcf/d. Clearwater: Clearwater is a resource play that extends from the U.S. border to central Alberta and includes Clearwater Natural Gas and Clearwater Oil. In 2012, the company drilled approximately 231 net natural gas wells and 29 net oil wells. As of December 31, 2012, the company controlled approximately 1.7 million gross undeveloped acres (1.5 million net acres) in the resource play. In April 2012, the company entered into an agreement with Toyota Tsusho Corporation subsidiary (Toyota Tsusho), pursuant to which Toyota Tsusho has invested to acquire a 32.5 percent gross overriding royalty interest in natural gas production from a portion of the company’s Clearwater resource play. Greater Sierra: Greater Sierra is a resource play located in northeast British Columbia. The focus is on the continued development of the Jean Marie formation and the Devonian aged Horn River shales. In 2012, the company drilled approximately six net wells in the area. As of December 31, 2012, the company controlled 818,000 gross undeveloped acres (728,000 net acres) in the Jean Marie formation and approximately 259,000 gross undeveloped acres (222,000 net acres) in the Horn River Basin. Duvernay: The Duvernay is an emerging liquids play located in west central Alberta. As of December 31, 2012, the company held an interest in approximately 455,000 gross undeveloped acres (239,000 net acres). In 2012, the company drilled six net exploration wells. In December 2012, the company entered into an agreement with PetroChina Company Limited subsidiary (PetroChina) to jointly explore and develop certain Duvernay lands in Alberta. Atlantic Canada: The company is the owner and operator of the Deep Panuke gas field, located offshore Nova Scotia. The Deep Panuke natural g

 

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