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Encana Corporation
Type Public
Traded as TSXECA
S&P/TSX 60 Component
Industry Oil and gas
Founded 2002 (2002)
Headquarters Calgary, Alberta, Canada
Key people
Doug Suttles (President and CEO effective June 2013)
David P. O'Brien (Chairman of the Board)
Randy Eresman (1 January 2006 - 11 January 2013)[1]
Products Natural gas Oil Natural gas liquids
Revenue Increase US$8.467 billion (2011)[2]
Total assets US$14.5 billion market capitalization (2013-01)[3]
Website www.encana.com

Encana Corporation is a North American energy producer of natural gas, oil and natural gas liquids (NGLs). Encana’s other operations include the transportation and marketing of natural gas, oil and NGLs. All of Encana’s reserves and production are located in North America.[citation needed]

The company’s average production at year end 2011 was 3.3 billion cubic feet per day of natural gas and 24,000 barrels per day of oil and natural gas liquids.[2]

The corporate headquarters are in Calgary, Alberta. In Canada, Encana has onshore operations in Alberta, northeast British Columbia and an offshore development off the coast of Nova Scotia. In the United States, Encana's subsidiary operates in Colorado, Wyoming, Texas, and Louisiana.

On November 30, 2009, Encana split into two independent companies focused on distinct businesses. The unconventional natural gas company retained the name Encana and the integrated oil company is called Cenovus Energy.[4]

Canadian operations[edit]

Encana is Canada’s largest gas producer (Penty 2012-12 China Institute) [5] with a large land position in western Canada of approximately 9.1 million net acres, of which 4.9 million net acres are undeveloped. The subsurface rights for a checkerboard pattern of most of Alberta and part of Saskatchewan were granted to the Canadian Pacific Railway at its formation, in compensation by the government of Sir John A. MacDonald for assuming the risk of developing the golden thread that bound Canada from coast to coast. EnCana is the inheritor of the CPR subsurface (mineral) rights. Key natural gas resource plays include: Bighorn, Coalbed Methane (CBM), Cutbank Ridge and Greater Sierra.[citation needed]

The Deep Panuke project involves the installation of facilities required to produce and process natural gas from approximately 250 kilometers southeast of Halifax, Nova Scotia. Production from Deep Panuke began in 2013.[6]

USA operations[edit]

Encana has interest in approximately 2.6 million net acres of land in the United States, of which 2.1 million net acres is currently undeveloped. Key resource plays include: Texas, the Haynesville Shale, Jonah Field (Wyoming), Wattenberg Gas Field (Colorado),[7] and the Piceance Basin.[citation needed]

In December 2011, Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, closed the sale of the majority of its divestiture of North Texas natural gas producing properties.[citation needed]

Michigan Collingwood-Utica Shale Gas Play[edit]

From 2008 through 2010 Encana accumulated a "large land position" (250,000 net acres) at an "average $150/acre" in the Collingwood/Utica Shale gas play in Michigan's Middle Ordovician Collingwood formation. Natural gas is produced from the Collingwood shale and the overlying Utica shale.[8]

Joint ventures[edit]

On December 13, 2012, Encana announced a $US2.1 billion joint venture with state-owned, Beijing-based PetroChina[5] through which PetroChina will get a 49.9 percent stake in Encana’s Duvernay Shale acreage in Alberta. This is the first foreign deal undertaken by a Canadian oil company since December 7, 2012 when Prime Minister Stephen Harper prohibited purchases by state-owned enterprises seeking to invest in Canadian oil sands. PetroChina’s 49.9 percent stake in Encana’s Duvernay Shale acreage in Alberta is in line with the new rules that "favor minority stakes over takeovers."[5]


  • 1883 - the Canadian Pacific Railway was drilling for water near Medicine Hat, AB when natural gas was accidentally discovered
  • 1958 - the Canadian Pacific Railway created Canadian Pacific Oil and Gas to manage its oil and gas properties and its mineral rights
  • 1971 - Pan Canadian Petroleum Limited was formed when Canadian Pacific Oil and Gas merged with Central-Del Rio Oils
  • 2002 - Pan Canadian was spun out of Canadian Pacific Railway and then subsequently merged with Alberta Energy Corporation to form Encana. On April 8, 2002, EnCana Corporation launches operations.Its President & CEO Gwyn Morgan made the symbolic inaugural purchase of EnCana common shares on The Toronto Stock Exchange.[9]
  • 2009 - Encana split into two independent companies: a company that focuses on North American natural gas production that retained the name Encana and an integrated oil company, Cenovus Energy


In northern British Columbia where Encana pipelines have experienced six explosions, media reports indicate the pipeline may have been bombed by disgruntled community members.[10][11] Encana's hydraulic fracturing operations in the United States are visible in the 2010 documentary, Gasland, which alleges that hydraulic fracturing causes pollution of ground and surface water, as well as air and soil pollution.

Issues have also been raised for a proposed project offshore of Nova Scotia, for which Encana has proposed a streamlined regulatory process.[12]


  1. ^ "Encana Leadership". Encana. January 2013. 
  2. ^ a b 2011 Annual Report
  3. ^ "Encana shares edge lower after CEO suddenly resigns". Calgary, AB: TD Waterhouse. January 14, 2013. Retrieved February 1, 2013. 
  4. ^ "EnCana announces dividing into two companies". The Star (Toronto). 2008-05-11. Retrieved 2010-05-02. 
  5. ^ a b c Rebecca Penty (December 17, 2012). "Encanas PetroChina Partnership May Be First of Many". Edmonton, AB: China Institute, University of Alberta. Retrieved February 1, 2013. 
  6. ^ JOANN ALBERSTAT (December 17, 2013). "Deep Panuke project reaches full gas production". Halifax, NS: The Chronicle Herald. Retrieved December 17, 2013. 
  7. ^ Encana, DJ Basin, accessed 12 May 2013.
  8. ^ Alan Petzet, ed. (May 7, 2010). "Explorations: Michigan Collingwood-Utica gas play emerging". Oil and Gas Journal (Houston, Texas). 
  9. ^ "EnCana Corporation launches operations". 
  10. ^ CBC, Aug 29. 2006, EnCana unveils smaller Deep Panuke project
  11. ^ CBC, July 2, 2009, Latest EnCana pipeline explosion was deliberate: RCMP
  12. ^ CBC, Aug 29. 2006, EnCana unveils smaller Deep Panuke project

External links[edit]