4TH QUARTER RESULTS EXECUTING ON STRATEGY Encana Corporation February 25, 2015
2014 - Executing on Strategy Repositioned and re-sized the organization Reduced work force by 25% Achieved total cost savings of approximately 150 million Exercised disciplined capital allocation Focused capital on growth assets…
2015 Capital Focused on Four Strategic Growth Assets Strategy Enables Ongoing Portfolio Evolution 80% of 2015F capital focused on highest margin production: Permian, Eagle Ford, Montney, Duvernay Montney High quality resources with…
2015 Continued Focus on Operational Excellence Deliver Growth from all Four Strategic Assets in 2015 Deliver profitable liquids growth Total Production (MBOE/d) 2015 average annual liquids growth of 60% Permian + Eagle Ford + Montney +…
2014 Accomplishments Strategy Execution Delivers a Transformative Year Portfolio Operational Balance Sheet Transition Excellence Strength 67% Q4 upstream operating cash Cost savings of 150 million from Investment grade credit rating…
2014 In Review Results vs. Guidance 2014 Guidance 2014 Actual Exceptionally strong operational Total Cash Flow (B) 3.2 3.3 2.9 results - per common share, diluted (/sh) 4.32 4.45 3.96 Guidance targets largely met or Capital Investment…
2014 Year-End Proved Reserves Proved Oil Reserves Up 150% Year-Over-Year Canadian Protocol, Proved, Forecast Prices, After Royalties MMBOE 2,000 Traded low margin natural gas for high margin oil 1,800 1,600 Focus on value vs.…
2015 Financial Positioning Capital Discipline, Maintain Liquidity, Financial Flexibility Committed to maintaining investment grade credit rating All three rating agencies confirmed mid-BBB ratings after the Athlon acquisition…
Updated 2015 Guidance Capital Program + Anticipated Dividends To Be Fully Funded 2015F Revised 2015 Cash Flow Guidance Reconciliation Total Cash Flow (B) 1.4 1.6 (MM) 3,000 - per common share, diluted (/sh) 1.90 2.15 Capital…
Operational Excellence The Encana Way Safely Delivering the Best Wells for the Best Value Core Principles 2014 Accomplishments The best rocks Safest year in companys history Among the best operators in our plays 61% liquids growth…
Permian Cost Efficiencies and Liquids Growth Expected in 2015 February 2015 update Acquisition closed on November 13, 2014 Uninterrupted operations through transition, retained majority of Athlon Energy Inc. employees Focused on…
Eagle Ford Operational Improvements & Increased Liquids in 2015 February 2015 update Significant operational improvements since acquiring assets: 25% IP30 rate improvement, 10% drilling cost reduction (300K/well), 25% faster cycle…
Montney Progressing High Intensity Completions Design in 2015 February 2015 update Increased 2014 annualized liquids production by 87% to 19 Mbbls/d Continued success with high intensity completions Dawson wells continue to produce…
Duvernay Significant Well Cost Reductions Achieved Through RPH* Efficiencies February 2015 update 2014 annual liquids production growth of 200% to 2.1 Mbbls/d Reduced y-o-y drilling times by 50%, reduced well costs by 40% Achieved…
Well Positioned For 2015 & Beyond Continuous evaluation of our portfolio Relentless pursuit of efficiencies Growing high margin production from four most strategic assets Enhancing performance from our base portfolio Maximize…
Loading...
