ENCANA CORPORATION EnerCom The Oil & Gas Conference 2018 David Hill Executive Vice President, Exploration & Business Development August 22, 2018
LEADING NORTH AMERICAN E&P Delivering Quality Corporate Returns Montney Core positions in four of North Americas Duvernay premier basins Strong track record of operational execution Disciplined capital allocation Culture of…
STRATEGY IS DELIVERING RESULTS A Winning Value Proposition TOP TIER MARKET RESOURCE FUNDAMENTALS Operational excellence Cube development maximizes NPV of acreage, becoming industry standard Culture of innovation and execution Top…
FOCUSED ON SHAREHOLDER RETURNS 3 Billion of Free Cash Flow Over Five Year Plan 400 million share repurchase program initiated, 50% completed in H1 2018 3 billion of cumulative free cash flow (2018-2022F)* Balance sheet discipline…
MARKET DIVERSIFICATION PAYS Q2 Permian Price Uplift Delivers Value Q2 Permian Realized Oil Price (incl. Basis Hedge) Ensuring market access Firm transport to Houston Maximizing price realizations Portion of Permian volumes linked to…
CUBE DEVELOPMENT Maximizing Value Through Optimized Development Spacing & stacking across multiple zones Cube Development Maximizes NPV Vertical and horizontal optimizations System based approach considers how wells interact in the…
OPERATIONAL EXCELLENCE Execution Firmly On Track Cube Drilling in the Montney Continued strong well results from new Permian cubes Supply chain management strategy continuing to successfully offset inflation Programs on track…
PERMIAN CUBE DEVELOPMENT Driving Efficient Execution Continued Strong Performance in Martin Permian currently at record production of 90 MBOE/d 175 Cumulative Production 150 Strong production performance from new cube 125…
MONTNEY LIQUIDS GROWTH ON TRACK Liquids Production to Double Q417 to Q418 Montney liquids production up 18% in Q2 vs Q1 Montney Liquids Set to Double Strong liquids growth continuing in Q3 70 60 Liquids Mbbls/d Currently…
EAGLE FORD & DUVERNAY Generating Significant Free Operating Cash Flow Eagle Ford returned to growth Strong 2018 Austin Chalk Results Brought on 11 wells in Eagle Ford in Q2 200 2018 production results de-risking potential future…
DEMONSTRATING EFFICIENT EXECUTION AT SCALE Business expected to generate free cash flow in 2018 On track to deliver 30% annual production growth* Strong operations performance across the portfolio First mover approach to market…