- Tight Gas & Oil
- Gas Hydrates
The investment is about $300 million less than the company forecast in May and includes reductions resulting from Alberta’s mandated oil production cuts.
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
President and CEO Doug Suttles refocused Encana Corp. after facing what he called “inconvenient facts.”