Encana (ECA) said late yesterday it plans to invest an extra $600M during the rest of 2012 to...

|About: Encana Corporation (ECA)|By:, SA News Editor

Encana (ECA) said late yesterday it plans to invest an extra $600M during the rest of 2012 to take advantage of positive initial results achieved in a number of oil and liquids rich natural gas plays. The company raised its guidance by 7% for total liquids production to 30K bpd. Original 2012 plan to drill 40-45 wells increased to 115-120 wells.