Encana grappling with natural gas
Cuts costs, payroll, tightens focus to 4 areas; waits for Alberta to complete review; focus on discipline, innovation, sustainability
For Petroleum News
There was once a time when Encana seemed untouchable in North America’s natural gas industry.
It blazed a trail in development of shale deposits and delivered 4 billion cubic feet per day of gas into the continental market from plays that were once scorned by its peers because of their reliance on n....
[additional news subjects in this story]
Spending up, but not on gas
Concern about royalties
Based on US$50 WTI
Board predicts big gas loss
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