- Encana (ECA) says it plans to increase natural gas liquids production by 30% in 2014, focusing three-quarters of its planned $2.4B-$2.5B capital spending in 2014 on the Montney, Duvernay, DJ Basin, San Juan Basin and Tuscaloosa Marine Shale regions.
- Total cash flow is expected at $2.4B-$2.5B; sees natural gas production of 2.6B-2.8B cf/day and total liquids production between 70K-75K bbl/day.
- Plans to conduct an IPO of its Clearwater Royalty business in 2014.
Encana to spend $2.4B-$2.5B in 2014, grow liquids production by 30%
Dec 11 2013, 08:34 ET