Encana Bucks Trend by Boosting Capex in 2015

摘要

Canadian gas giant Encana plans to defy commodity price gravity next year by boosting capital spending while at the same time narrowing its focus to four high-margin growth - plays in North America - the Mont-ney and Duvernay Shales in Western Canada and the Eagle Ford and Permian Basin regions of Texas. Encana will allocate 80% of its 2015 capital budget of $2.7 billion to $2.9 billion to these four plays, compared with total spending this year of an estimated $2.5 billion to $2.6 billion.The