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Encana Corporation
Industry
Petroleum
Predecessor
PanCanadian Petroleum Alberta Energy Company
Founded
5 April 2002 (2002-04-05)
Defunct
24 January 2020 (2020-01-24)
Fate
Restructured
Successor
Ovintiv
Headquarters
The Bow,
Calgary, Alberta
Encana Corporation was a Canadian independent petroleum company that existed from 2002 to 2020. The company, stylised as EnCana until 2010, was created by David P. O'Brien of PanCanadian Petroleum and Gwyn Morgan of the Alberta Energy Company through the merger of their companies. At the time of its creation Encana was the world's largest independent petroleum company by measure of its value, production, and reserves. Morgan ran the company from its inception through the end of 2005. During its early years, Encana established its reputation as Canada's flagship energy company and an icon of Western Canadian business. In September 2005 it became Canada's largest corporation by market capitalisation for a brief time.
At the beginning of 2006, Morgan ceded the presidency to Randall K. Eresman. During the new president's first year, the company's profits were CAD 6.4 billion, which was the largest corporate profit in Canadian history. In 2009 Encana spun off its oil producing operations as Cenovus, thus becoming exclusively a natural gas producer. Eresman resigned abruptly in early 2013 and was replaced by the American Douglas J. Suttles. The new president streamlined the company's operations and shifted its focus to the United States. Suttles also oversaw the company's return to crude oil production via shale plays in the US.
In October 2019, Suttles, who had moved from Calgary to Denver in 2018, announced the company would undergo a corporate restructuring that would see its residency moved to the United States and its name changed to Ovintiv. On 14 January 2020 shareholders voted 90 per cent in favor of the move, and on 24 January the restructuring was completed.
Encana Corporation was a Canadian independent petroleum company that existed from 2002 to 2020. The company, stylised as EnCana until 2010, was created...
was formed in 2020 through a restructuring of its Canadian predecessor, Encana. Ovintiv is incorporated in Delaware and headquartered in Denver, Colorado...
The Ovintiv Events Centre (formerly named Encana Events Centre to June 2021), is a multipurpose arena located in Dawson Creek, British Columbia. The name...
the U.S. Department of Justice (DOJ) began an investigation into whether Encana, Canada's largest natural gas company, "illegally colluded with Chesapeake...
portfolio for $12 billion. In October 2015, CPPIB announced plans to acquire Encana's Denver-Julesberg Basin Colorado oil and gas assets for $900 million (US)...
Daily News and Coffee Talk Express in Chetwynd, B.C. The letters threatened Encana to cease its operations near the small town of Tomslake, B.C., just south...
Ernst v. EnCana Corporation, 2013 ABQB 537 is a lawsuit by Jessica Ernst against EnCana Corporation, the Energy Resources Conservation Board, and Her Majesty...
move from the neighbouring Bow in 2019. Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, with Cenovus becoming focused...
Morgan negotiated the AEC's merger with PanCanadian Petroleum to create EnCana Corporation. Morgan served as the company's first president before stepping...
was formed on 1 July 2007, with Encana taking a 49% interest in Wood River and also Phillips 66's Borger refinery. Encana subsequently spun off oil sands...
extraction, liquid storage and oilsands transportation. Major companies such as Encana, Canadian Natural Resources, Shell Canada, Chevron, Marathon Oil and Imperial...
9 billion in [corporate] debt between 2003 and 2007 for 13 companies including: Encana, Husky Energy, OPTI Canada, Delphi Energy, Canadian Oil Sands Trust, Northwest...
negotiations for a merger. In April 2002 the two companies merged to create EnCana Corporation, which became the world's largest independent petroleum company...
Canada's largest companies are based in natural resource industries, such as Encana, Cameco, Goldcorp, and Barrick Gold. The vast majority of these products...
primarily in East Texas. It was based in Houston. It sold most of its assets to Encana (now Ovintiv) in November 2007 for $2.55 billion and, in September 2015...
headquartered in Houston, Texas, USA. In February 2019, the company was acquired by Encana. On December 31, 2017, the company had 680 million barrels of oil equivalent...
the EnCana Corporation. In response to threats by employees of EnCana, the bluegrass group has avoided playing in establishments frequented by EnCana workers...
company. In 2002, PanCanadian merged with the Alberta Energy Company to form EnCana, which at the time was the world's largest independent petroleum company...
Scotian Shelf. Deep Panuke is owned and operated by SBM Offshore on behalf of Encana, with natural gas production underway beginning in late 2013. Peak monthly...
to Uyghur genocide". The GW Hatchet. 2022-02-14. Retrieved 2022-03-21. "EnCana says still studying Alberta royalty change". Reuters. 5 November 2007. Retrieved...
in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million. In November 2021, the company sold its Haynesville Shale...
which is now EnCana Corporation. The company has drilled 1,163 natural gas wells within the SNWA, all prior to the creation of the SNWA. EnCana has proposed...
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