ENCANA CORPORATION Barclays CEO Energy-Power Conference Doug Suttles, President & CEO New York, NY September 7, 2017
FOCUS ON QUALITY CORPORATE RETURNS Strongly ahead in year one of five-year-plan Production growth ahead of schedule Maintaining efficiencies in a busier industry Core asset exit-to-exit growth well ahead of original guidance…
WORLD CLASS PORTFOLIO Encana's Resource In Context Montney 6,900 premium locations Core positions in four of North Americas premier basins Duvernay 500 premium locations 23,000 total drilling locations 11,000 potential premium…
FOCUS ON CORPORATE RETURNS Combination of Innovation & Discipline Premium Returns Across the Portfolio Premium inventory well 50 WTI & 3.00 NYMEX returns of 35% translate into 35% a corporate return of 15% Stringent capital…
GROWTH WITHIN CASH FLOW FROM 2018 Driven by Production Efficiency & Margin Expansion 2017 production efficiency ahead by 10% versus Production Efficiency Gains guidance Driven by productivity gains & managing costs Productivity…
DISCIPLINED FINANCIAL MANAGEMENT Balance Sheet Strength Growth within cash flow Leverage Rapidly Dropping Well positioned for price volatility 3.5 3.2x 75% hedged through second half 2017 on both gas & oil/C5+ 3.0 2.9x Expect to…
ENCANA IS AN INNOVATION COMPANY Leveraging Technology To Create Value Structured innovation across the portfolio with real-time knowledge transfer Massive, proprietary datasets (core, logs, seismic, micro-seismic, fracture…
28 Well Tower Cube Development CUBE DEVELOPMENT Innovation in Action Initial liquids Rapid transfer of concepts between plays yields averaging 400bbl/mmcf Translated success in tight cluster design from Eagle Ford to other plays…
MANAGING INFLATION Maintaining Well Costs Flat in 2017 ECA D&C Cost Breakdown Fully offset inflation with efficiency improvements in H1 40% of well cost is drilling On track to deliver flat well costs versus 2016 60% of well cost is…
WELL-POSITIONED FOR DISCIPLINED GROWTH Self-funding capital program in 2018 Ahead in year one of 5 year plan Dual frac operations in the Permian Self-funding program in 2018 Well situated for 2018 growth and continued margin…
RISK MANAGEMENT PROGRAM Adds Greater Certainty to Cash Flow and De-Risks Capital Program 75% of expected oil, condensate and natural gas production protected for remainder of 2017 Oil and Condensate Positions Natural Gas Positions…
STRONGLY POSITIONED FOR 2018+ Market Access & Price Risk Management* Montney Risk Management Program Permian Risk Management Program 2018F - 2020F 2018F - 2020F Less than 33% 17 Mbbls/d 475 MMcf/d (0.83)/bbl 316 MMcf/d 25…
FOCUS ON QUALITY CORPORATE RETURNS Strongly ahead in year one of five-year-plan Production growth ahead of schedule Maintaining efficiencies in a busier industry Core asset exit-to-exit growth well ahead of original guidance…
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