Broker Center sponsored links

UPDATE 1-FACTBOX-EnCana Corp splits into two

Sun May 11, 2008 5:27pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

(Adds expected output growth rates. In U.S. dollars)

May 11 (Reuters) - EnCana Corp (ECA.TO: Quote, Profile, Research, Stock Buzz), Canada's largest energy company, said on Sunday it plans to split into separate oil and natural gas firms with the aim of squeezing out more stock value amid soaring oil prices.

Here are key facts about the two proposed firms:

INTEGRATED OIL SANDS

* Contains EnCana's oil sands operations in northern Alberta, its Canadian plains natural gas production business and EnCana's stake in ConocoPhillips' (COP.N: Quote, Profile, Research, Stock Buzz) Wood River, Illinois, and Borger, Texas, refineries

* Daily production: 860 million cubic feet of gas, 102,000 barrels of oil

* Expected production growth rate: 4 percent to 6 percent per year

* Reserves: 2.02 trillion cubic feet of natural gas, 827 million barrels of oil

* Land: 8.4 million acres, including EnCana's Foster Creek, Christina Lake and Borealis oil sands projects, the Weyburn enhanced oil recovery project and Pelican Lake heavy oil field  Continued...

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters