Encana Delivers Significant Efficiency Improvements With Strong Second Quarter Results
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Encana (ECA) Tops Q2 EPS Views
July 21, 2016 6:05 AM EDTEncana (NYSE: ECA) reported Q2 EPS of $0.10, $0.19 better than the analyst estimate of ($0.09).
ncreased capital efficiency and operational performance in core four assets
Encana beat its 2016 drilling and completions cost reduction targets in the first quarter. In the second quarter the company continued to lower drilling and completion costs across its four core assets and they are now over 30 percent lower compared to the 2015 full-year average. In addition, Encana delivered new pacesetter performance and has a track record of rapidly converting pacesetter benchmarks into average costs.
In the Permian, Encana... More
