encana oil and gas name change

Encana moving to US with new name: Ovintiv Encana Corp., once a Calgary oil and gas industry anchor that late last year adopted a “headquarters-less model,” is … Sees the company providing more of its 2020 program details during 4Q earnings release in February 'content_type' : 'Company Intelligence', The company was created in 2002 through the merger of Alberta Energy Company Ltd., founded in the 1970s by the provincial government, and PanCanadian Energy Corp., the roots of which can be traced back to the construction of the Canadian Pacific railroad. She added, “It is no coincidence that today’s news is being announced after the federal election” on Dec. 21, in which the Liberal Party was reelected with a minority. Industry testing is important but two additional factors are critical in specifying the right door. 'tag' : 'Capital_Budget_Annoucements,Earnings_Reports', All rights reserved. The Stack and Scoop fields in the Anadarko Basin have faced investor scrutiny and operational challenges that sent a handful of small explorers into bankruptcy. Adjusted net loss was $477 million. var ssdl = ssdl || {} Bow Building in Downtown Calgary on Thursday, October 31, 2019. When an unexpected explosion or hurricane strikes, how can Oil & Gas companies ensure door assemblies will protect personnel and equipment? EOG Resources Inc. has narrowed its 2020 capex to $3.4-3.6B and raised its 2020 oil production guidance 4% to 402,600-409,200 b/d on lowered curtailments and plans to drill two additional wells in Trinidad over the remainder of the year. “We will continue to focus on innovation and efficiencies throughout our operations, delivering the financial and operational performance our shareholders expect.”. And as Ovintiv started trading with the new symbol OVV in the U.S. on Monday, the shares haven’t done much better -- dropping 9% over two days. BP reported a net loss of $16.8 billion for the second quarter of 2020, compared with a profit of $1.8 billion for the same period a year earlier. Ovintiv Inc. is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Encana has said the changes will not affect how it runs its day-to-day activities in Canada. 'industry_sector' : 'Upstream', 'longevity' : 'News', Focus will be on well costs and steps Ovintiv has taken to improve returns in the play All comments are subject to editorial review. “With 90 per cent of our securityholders voting ‘for’ the resolution, there is clearly support for our efforts to expose Ovintiv to the deeper pools of capital in the U.S., capturing the value we know exists within our equity,” said Suttles in a news release. Oct 31, 2019 8:37AM EDT (RTTNews) - Canadian oil and gas producer Encana Corp (ECA, ECA.TO) said Thursday that it plans to establish a corporate domicile in the United States, and change its … All ssdl.editorialMetaData = { 'Country' : 'US', 'content_origin' : 'Rigzone Staff', “The company will likely face stiff headwinds ‘selling’ the play to the market given the sharp pullback in activity by industry.”. presentation-ready copies of Toronto Star content for distribution Occidental Petroleum had a net loss attributable to common stockholders for second-quarter 2020 of $8.4 billion and an adjusted loss attributable to common stockholders of $1.6 billion compared with net income of $635 million for the year ago quarter. 'author' : 'Bloomberg', 'company' : '', The company will establish its corporate domicile in the US and change its name to Ovintiv Inc. It says a corporate domicile in the United States will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers. Republication or distribution of this content is 'Region' : 'United_States', 'audience' : 'News', Encana Corporation, a leading oil and gas producer in Calgary, is moving its headquarters from Bow Building to the U… expressly prohibited without the prior written consent of Toronto Parsley Energy Inc. reactivated two rigs and two frac spreads in July and, if prices do not deteriorate, the company anticipates moving to a stabilized activity level of four to five rigs and one to two frac spreads early in this year’s fourth quarter. The company manages the US operations from Denver but did not say that city would become its headquarters. The oil and gas producer formerly known as Encana Corp. has completed its corporate overhaul with a new domicile and a new name. Ovintiv has “materially lowered D&C costs; however, well productivity has lagged peers” Before its name change, the Canada-listed shares of Encana had been falling for a decade as it faced a rout in commodity prices and a pipeline bottleneck in Alberta.

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