July 31, 2019 / 10:41 AM / 4 months ago

Encana posts second-quarter profit as production rises

July 31 (Reuters) - Canadian oil and gas producer Encana Corp posted a quarterly profit on Wednesday, compared with a year-earlier loss, boosted by higher production.

The Calgary-based company’s net income was $336 million in the second quarter ended June 30, compared with a loss of $151 million a year earlier, during which it booked a non-cash charge.

Total pro forma oil and gas production rose about 11% to 591,800 barrels of oil equivalent per day (boe/d) in the quarter. (Reporting by Taru Jain in Bengaluru; Editing by Anil D’Silva)

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