Encana Selling PriairieSky Holding for C$2.6 Billion
Encana Corp. (ECA), Canada’s second-largest natural gas producer, is selling its controlling stake in PrairieSky Royalty Ltd. (PSK) for C$2.6 billion ($2.4 billion) following the unit’s initial public...
View ArticleUPDATE 1-Canada's Encana to buy Athlon Energy for $5.93 bln
(Adds details) Sept 29 (Reuters) - Encana Corp , Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt, as it accelerates its plan to...
View ArticleUPDATE 2-Canada's Encana to buy Athlon Energy for $5.93 bln
(Recasts, adds background, details on deal) Sept 29 (Reuters) - Canada's largest natural gas producer Encana Corp said on Monday it has agreed to buy Athlon Energy for $5.93 billion in cash, as it...
View ArticleEncana Doubles Down On Ill-Timed Oil Deals
Can an oil company really make acquisitions at the tippy top of the market and still somehow make money after the oil price falls by half? Let’s...
View ArticleEncana Weighs Acquisitions After Sale of PrairieSky Stake
Encana Corp. (ECA) has the flexibility to make acquisitions following the sale of its stake in PrairieSky Royalty Ltd. (PSK) worth C$2.6 billion ($2.4 billion), said Chief Financial Officer Sherri...
View ArticleEncana Corp. to pay $5.93B for Fort Worth-based Athlon Energy
Encana Corp. agreed to pay $5.93 billion for Athlon Energy Inc., gaining a foothold in a Texas oil field with soaring output in the biggest announced purchase of a U.S. crude and natural gas producer...
View ArticleEncana Corp strikes $7.1bn deal to buy US explorer Athlon Energy
TORONTO (miningweekly.com) – Canada's second-largest natural gas producer Encana Corp on Monday announced that it had struck a deal worth $7.1-billion that would see it acquire Texas-based Athlon...
View ArticleEncana buying Fort Worth’s Athlon Energy for $5.93 billion
NEW YORK — Canadian oil and natural gas company Encana is buying Fort Worth-based Athlon Energy for $5.93 billion in an effort to boost its oil production by tapping into the booming Permian Basin in...
View ArticleEncana buying Athlon Energy for $5.93 billion
Oil and natural gas company Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin. Canada's Encana Corp. will also...
View ArticleEncana Cash Puts Halcon to Penn Virgina in Play: Real M&A
Encana Corp., the Canadian energy company that’s shifting production toward more oil, will soon have record cash to spend on crude-rich targets from Halcon Resources Corp. to Penn Virginia Corp....
View ArticleEncana (T.ECA) to snap up Athlon Energy in US$7.1 transformative acquisition
CALGARY _ Encana Corp. (TSX: ECA, Stock Forum) has agreed to buy Athlon Energy in a US$7.1 billion friendly takeover deal that will give the Canadian gas producer access to a major Texas oil play and...
View ArticleEncana to buy Athlon Energy
CALGARY - Encana Corp. (TSX:ECA) has agreed to buy Athlon Energy in a US$7.1 billion friendly takeover deal that will give the Canadian gas producer access to a major Texas oil play and speed up its...
View ArticleCanada's Encana to buy Athlon Energy for $5.93 billion
TORONTO (Reuters) - Canada's largest natural gas producer Encana Corp said on Monday it has agreed to buy Athlon Energy for $5.93 billion in cash, as it accelerates its plan to focus on more lucrative...
View ArticleEncana Buys Athlon Energy for $7.1 Billion in Shift Toward Oil
Encana Corp. (ECA) agreed to buy Athlon Energy Inc. for $7.1 billion, including debt, as Canada’s second-largest natural gas producer tries to increase oil production. Encana will pay $5.93 billion in...
View ArticleEncana lays off 200 employees in July amid oil slump
Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices....
View ArticleEncana layoffs will not affect Eagle Ford, Permian Basin
Encana officials confirm that the company's 200 layoffs will not be affecting either the Eagle Ford or Permian Basin, where production is expected to climb even higher despite slumping oil prices....
View ArticleEncana Doubling Texas Rigs Unswayed by Oil Drop
Facing a 30 percent slide in the price of crude in the past five months, Encana Corp. (ECA) Chief Executive Officer Doug Suttles still has his foot on the accelerator. The gas giant capped a year of...
View ArticleEncana Posts Quarterly Loss, Cuts Spending Plan Amid Oil Slump
Encana Corp. reported its fourth straight quarterly loss, cut its annual spending forecast and lowered the dividend amid tumbling oil and natural-gas prices. The net loss was $612 million in the fourth...
View ArticleEncana Doubling Texas Rigs Unswayed by Oil Drop
Facing a 30 percent slide in the price of crude in the past five months, Encana Corp. (ECA) Chief Executive Officer Doug Suttles still has his foot on the accelerator. The gas giant capped a year of...
View ArticleDrilling Slowdown on Sub-$80 Oil Creeps Into Biggest U.S. Fields
The slowdown in the U.S. oil-drilling boom spread to two of the nation’s largest fields this week. The Permian Basin of Texas and New Mexico, the country’s biggest oil play, lost four rigs targeting...
View Article