Encana Transforms into Oil Company, Boosts Capital Budget

SUGAR LAND--August 14, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Encana Corporation (NYSE:ECA) (Calgary, Alberta) has taken significant steps during the last year to transform itself into an oil-focused producer, acquiring oil assets in the Eagle Ford Shale and selling gas assets in Alberta, Wyoming and East Texas. The four transactions had a total value of about $6.8 billion. The impact of the deals was immediately apparent in the second quarter.

Within this article: Information on Eagle Ford shale acquisitions and by Encana, with acreages, acquisition values.

Other companies featured: EOG Resources Incorporated (NYSE:EOG), Continental Resources Incorporated (NYSE:CLR), Freeport-McMoRan Incorporated (NYSE:FCX)