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Encana Sustains Output Growth in Permian, Montney; Touts Midland Cube Development
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Encana Corp. reported its Q3 2018 results.
Just this week, Encana struck a deal to acquire Newfield Exploration in an all-stock deal worth $5.5 billion - click here to access the deal in Shale Experts' M&A Database.
Highlights: - Q3 production of 378,200 BOEPD - up +33% YOY and up +12% from 2Q18 Liquids production of 178,700 barrels per day (bbls/d), up 40% YOY and 15% from 2Q18 Permian production up 54% YOY to 98,500 BOE/d; current production over 100,000 BOE/d Montney liquids volumes up 151% YOY and on track with fourth quarter target of 55,000 bbls/d to 65,000 bbls/d; current liquids production about 55,000 bbls/d Midland Cube Development 'Strong' / IP30s Average 1,475 BOEPD Total production of 98,500 BOE/d, including 61,900 bbls/d of oil, up 54 and 60% respectively…- ✓ Full news archive — U.S., Canada & international coverage
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