North American independents pursue liquid assets

摘要

Leading US and Canadian gas independents are speeding up strategic plans to rebalance their production towards liquids output, boosting cash flow and returns. US firm Chesapeake Energy and Canada’s Encana have accelerated rebalancing towards liquids output under new chief executives since last year, selling gas assets and reinvesting proceeds in liquids production. And Encana, Canada’s largest natural gas producer, this week announced a further C$605mn ($540mn) deal to sell more than 6,800 producing gas wells in Alberta to Ember Resources.