Encana Corporation produces, transports and markets natural gas, oil and natural gas liquids . It was formed in 2002 and descends from the 19th century Canadian Pacific Railway and 'Canadian Pacific Oil and Gas' in the 20th century, respectively. All of Encana’s reserves and production are located in North America since other international assets were divested in the mid-2000s. The corporate headquarters are in Calgary, Alberta. Encana has onshore operations in Alberta and northeast British Columbia and a development off the coast of Nova Scotia. In the United States, Encana's subsidiary operates in Colorado, New Mexico, Wyoming, Texas, and Louisiana. After incorporating in 2006, Encana Corporation formed two subsidiaries in 2009, with Encana operating in "unconventional natural gas and natural gas liquids exploration, processing, and transportation, and an integrated oil company called Cenovus Energy. Wikipedia.
News Article | February 15, 2017
As upstream energy companies continue to focus their spending on the most economic plays in North America, some gassy positions once considered backbone assets simply do not compete for capital. But the production and potential in two Rocky Mountain plays that lost favor with large listed companies - the Piceance Basin inn Colorado and the Green River Basin in Wyoming - are attracting serious private equity attention, according to several industry sources. "There are good assets available," Brian Boonstra, Finance & Acquisitions Chair for the law firm Davis Graham & Stubbs, told Mergermarket, noting that he has been talking to groups trying to put together PE-backed ventures to buy gas assets in the Rockies. "I don't see those being the focus of some of the larger independents, and it may be we see more of the smaller transactions, to try to assemble some positions. But there's a sense of optimism." Boonstra declined to talk about potential targets or bidders, but a sector banker and an executive said attention is sharpest on the Piceance assets of Encana Corp. and QEP Resources' Pinedale anticline position in the Green River Basin. The economics and scope of both plays are strong, but the low price for natural gas makes it tough to compete for capital from the multi-basin players, they agreed. However, while public companies have trouble justifying spending on natural gas over oil, PE can acquire, prove up and wait a couple years, the executive said. Encana's position - containing more than 700,000 acres in northwest Colorado - has fallen out of favor as the company now directs 98% of its capital program to four other plays: the Permian, Eagle Ford, Montney and Duvernay. The banker, an executive and a lawyer familiar with the play and the public outline of Encana's strategy said that while they had no first-hand knowledge of the company's plans, several steps the company has taken - including the wind-down of a JV with Nucor that restricted when drilling happened on the Piceance property - were signs the assets could come up for sale soon. The executive said he would be "stunned" if there was not at least a soft process under way by the end of 1H17. A recent report that Encana could drill new wells there in 2017 could also be part of that process, boosting production, he said. The banker said valuation could approach the $910 million Terra paid for WPX Energy's assets in the play last year. An Encana spokesman said the company would not comment on the Piceance assets specifically or on potential divestitures. Encana has made lowering its debt and refocusing on its "core four" plays a priority, and it cut its net debt by more than $3.5 billion between the end of 2014 and its 3Q16 earnings release. It also reported at the end of the quarter that it had more than $750 million cash on hand and an undrawn $4.5 billion revolver, while still stressing its interest in further strengthening its balance sheet on its earnings call in November.
EnCana Corporation | Date: 2011-10-06
A process and process line for treating water containing hydrogen sulfide for use as a hydraulic fracturing fluid is provided, to practice the following steps: separating a gaseous portion containing hydrogen sulfide from the water to form a first degassed water product; introducing the first degassed water product into a mechanical gas stripping unit and treating the first degassed water product with a stripper gas; recovering from the mechanical gas stripping unit at least one overhead vapor stream containing hydrogen sulfide and a stripped water stream as a bottom stream; degassing the stripped water stream in a degassing tank to produce a second degassed water product; and treating the second degassed water product with a hydrogen sulfide scavenger to produce a sweet water product having substantially reduced hydrogen sulfide.
EnCana Corporation | Date: 2013-03-15
A compressed natural gas (CNG) fueling station module is provided. The module includes a vault for below grade installation, the vault comprising a compressor for compressing natural gas, a storage tank for holding compressed natural gas, a dispenser for dispensing compressed natural gas, each of the compressor, the storage tank and the dispenser in fluid communication with each other. Secured to the vault is a canopy for above grade orientation, the canopy comprising a CNG fuel nozzle in fluid communication with the dispenser and an interface for allowance purchase of the CNG.
EnCana Corporation | Date: 2011-04-29
A gas flow system for removing a liquid from a well bore and allowing for gas production is provided. The gas flow system comprises a casing in the well bore for allowing flow of the liquid and gas; a tubing string in the casing for allowing flow of the liquid and gas; pressure measurement devices for use in determining a rate of liquid influx into the well bore; a casing control valve moveable between various positions ranging from fully open to fully closed for controlling flow through the casing; a tubing control valve moveable between various positions ranging from fully open to fully closed for controlling flow through the tubing; and flow measurement devices for determining the rate of flow through the tubing and the total rate of flow. The system is switchable between a current production phase and an alternate production phase based on the determined rate of liquid influx, a tubing critical velocity and a gas flow rate through the tubing, wherein switching from a current production phase to an alternate production phase results in the either or both of a decrease in liquid build-up in the well bore and an increase in gas production rate and wherein the current production phase differs from the alternate production phase.
EnCana Corporation | Date: 2011-11-09
A method of removing hydrogen sulfide from water is provided, comprising providing water containing a first amount of hydrogen sulfide and having a first pH; adding a stripper gas to the water to form a mixture; agitating the mixture; and separating a gaseous portion from the mixture to form a water product, the water product containing a second amount of hydrogen sulfide that is less than the first amount of hydrogen sulfide.
EnCana Corporation | Date: 2012-04-11
A process and process line (100) for treating water containing hydrogen sulfide for use as a hydraulic fracturing fluid is provided, to practice the following steps: separating a gaseous portion containing hydrogen sulfide (118) from the water to form a first degassed water product (120); introducing the first degassed water product (120) into a mechanical gas stripping unit (122) and treating the first degassed water product (120) with a stripper gas (124); recovering from the mechanical gas stripping unit (122) at least one overhead vapor stream containing hydrogen sulfide and a stripped water stream (128) as a bottom stream; degassing the stripped water stream (128) in a degassing tank (130) to produce a second degassed water product (132); and treating the second degassed water product (132) with a hydrogen sulfide scavenger (136) to produce a sweet water product (140) having substantially reduced hydrogen sulfide.
EnCana Corporation | Date: 2012-12-21
A process and process line is provided for preparing a friction-reduced hydraulic fracturing fluid at a central location which can be readily transported to an oil or gas well in a formation at a well site, comprising: preparing a mixture of polymer and water at the central location by shearing the polymer in the water in a high shear environment to create the friction-reduced hydraulic fracturing fluid; pumping the friction-reduced hydraulic fracturing fluid through a series of pumps and pipelines to the well site; and injecting the hydraulic fracturing fluid into the oil or gas well at a pressure sufficient to cause fracturing of the formation,
EnCana Corporation | Date: 2013-05-16
An assembly and process for fracturing, stimulating and producing a wellbore having a plurality of oil or gas producing zones is provided comprising introducing into the well the pumpable seat assembly comprising a generally cylindrical tube having an outer diameter and an inner diameter with an upper end forming a ball seat; setting the pumpable seat assembly below an oil or gas producing zone to be produced; introducing a dissolvable ball into the well, said dissolvable ball having a sufficiently large enough outer circumference so that it can sit on the ball seat and temporarily restrict a flow of fluids to the portion of the wellbore located below the pumpable seat assembly; and fracturing the oil and gas producing zone to stimulate oil or gas production; whereby the biodegradable ball is configured to dissolve within a predetermined period of time so that when it dissolves any oil or gas produced from zones below the pumpable seat assembly can flow through the cylindrical tube.
EnCana Corporation | Date: 2013-05-23
A process and an apparatus for use in fluid fracturing of a well and the like is provided, the apparatus being a pumpable seat assembly for temporarily sealing a well casing comprising a generally cylindrical tube having an outer diameter and an inner diameter; a upper slip assembly and a lower slip assembly mounted on such cylindrical tube and adapted to selectively engage the well casing to anchor the pumpable seat assembly; an elastomeric packing element mounted on said cylindrical tube between the upper slip assembly and the lower slip assembly; and a dissolvable member positioned within the generally cylindrical tube for temporarily restricting a flow of fluids to the portion of the wellbore located below the pumpable seat assembly.
EnCana Corporation | Date: 2014-03-14
A fluid distribution apparatus includes a trailer having a central platform and one or more sets of wheels. The central platform may include two or more hose reels mounted thereto, each of the hose reels including a reel that is rotatable about a rotation axis and a fluid distribution hose windable around the reel. The rotation axis of each of the hose reels may be generally parallel to a longitudinal axis of the central platform. The central platform may also include a manifold coupled with each of the hose reels and couplable with an external fluid source, such as a natural gas fuel source. The manifold may provide fluid from the external fluid source to each of the fluid distribution hoses of the respective hose reels.