Encana to expand liquids production by 30%

12/23/2013
Encana Corp. said it will focus 75% of its planned $2.4-2.5 billion capital for 2014 on liquids-rich assets in the Montney, Duvernay, DJ basin, San Juan basin, and the Tuscaloosa Marine shale, facilitating a 30% increase in year-over-year liquids production. Those five assets are expected to comprise 25% of total production in 2014 while generating 45% of total upstream operating cash flow before the impact of commodity price hedging. The company plans to derive three fourths of its cash flow from oil and natural gas liquids by 2017. "Going forward through to 2017 we will measure success by our performance on three key indicators: our transition to a balanced commodity portfolio, ope...
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