Encana is a North American energy producer focused on growing its portfolio of diverse resource plays producing natural gas, oil and natural gas liquids. It was created through the merger of PanCanadian Energy Corporation and Alberta Energy Company Ltd. in 2002.
The Canadian Division includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities throughout Canada, primarily in the West.
In 2012, Encana split its Cutbank Ridge resource play into two plays, Cutbank Ridge in British Columbia and Peace River Arch in Alberta, with comparative information restated. This reflects the Company’s future development plans for Cutbank Ridge as a result of the Company’s partnership with Mitsubishi. In addition, the Coalbed Methane resource play was renamed Clearwater.
Project Experience Includes:
The USA Division includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities within the U.S.
In 2012, the USA Division had total capital investment of approximately US$1,727 million and drilled approximately 285 net wells. Production after royalties averaged approximately 1,622 MMcf/d of natural gas and approximately 11.6 Mbbls/d of oil and NGLs. At December 31, 2012, the USA Division had an established land position of approximately 3.4 million gross acres (2.9 million net acres), including approximately 2.7 million gross undeveloped acres (2.3 million net acres).