FACTBOX: EnCana Corp splits into two

Sun May 11, 2008 3:04pm EDT
 
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(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

* 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

* Refining capacity: 226,000 barrels per day

* 2008 cash flow forecast: $4.2 billion to $4.6 billion

* Employees: 2,000

NATURAL GAS

* Spinoff firm will hold Canadian foothills gas assets and U.S. properties. It will retain EnCana's name and produce gas from its Bighorn, Greater Sierra and Cutbank Ridge resource plays in Canada. U.S. holdings include Jonah field in Wyoming, Colorado's Piceance Basin, and the East Texas and Fort Worth, Texas, fields

* Daily production: 2.92 billion cubic feet of natural gas, 30,000 barrels of oil

* Reserves: 11.28 trillion cubic feet of natural gas, 100 million barrels of oil

* Land: 16.4 million acres

* 2008 cash flow forecast: $7.9 billion to $8.2 billion  Continued...

 

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