Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/encana-focuses-2016-capital-program-on-core-four-a.shtmlEncana focuses 2016 capital program on core four assets
Encana released a highly disciplined 2016 capital program which directs 95 percent of its total $1.5 billion to $1.7 billion planned investment to its core four assets.
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Encana released a highly disciplined 2016 capital program which directs 95 percent of its total $1.5 billion to $1.7 billion planned investment to its core four assets. The company will continue to capture sustainable cost efficiencies and maintain operational momentum in its core four assets to grow high margin production, generate quality corporate returns and position the company for continued success in 2017. Highlights include:
95 percent of 2016 capital to be invested in core four assets, with about 50 percent directed to the Permian
disciplined capital program about 25 percent lower than 2015
highly flexible capital program that can be scaled up or down and redirected based on market conditions
an approximate 12 percent year-over-year increase in production from core four assets
a more than 10 percent increase in operating margins
a 10 to 15 percent reduction in drilling and completion costs and over 10 percent reduction in corporate costs
