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Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
EnCana Corporation, Valuation and Financial Data 9
EnCana Corporation, Share Price Performance 9
Share Price Performance, Q2, 2015-Q2, 2016 9
EnCana Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2015-Q2, 2016 10
EnCana Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12
EnCana Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
EnCana Corporation, Quarterly Production Trends 14
EnCana Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15
EnCana Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17
EnCana Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19
EnCana Corporation, Valuation and Financial Data, 2011-2015 20
EnCana Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
EnCana Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
EnCana Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2011-2015 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45
EnCana Corporation, Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2011-2015 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49
EnCana Corporation, Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2011-2015 53
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54
Oil and Gas Revenue and Expenses, Per boe 59
Oil and Gas Revenue and Expenses, By boe, 2011-2015 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60
Oil and Gas Performance Metrics 64
EnCana Corporation, Land Holdings and Well Data 65
Developed and Undeveloped Acreage 65
Gross and Net Developed and Undeveloped Acreage, 2011-2015 65
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 66
Well Statistics 69
Producible Oil and Gas Well, 2011-2015 69
Producible Oil and Gas Well, By Country/Region, 2011-2015 70
Exploration and Development Wells Drilled, 2011-2015 75
Recent Developments 76
EnCana Corporation - Recent Developments 76
Nov 03, 2016: Encana: Strong Operational And Financial Performance In The Third Quarter Positions Encana For Growth 76
Oct 05, 2016: Encana To Outline Five-Year Growth Potential During Investor Day, Company Updates 2016 Guidance To Reflect Lower Costs 78
Jul 21, 2016: Encana Delivers Significant Efficiency Improvements With Strong Second Quarter Results 78
Jun 16, 2016: WorleyParsonsCord Awarded Modularization And Construction Contract By Cutbank Ridge Partnership 81
May 03, 2016: Encana Delivers Basin-Leading Well Performance And Lowers Costs In The First Quarter 2016 81
Feb 24, 2016: Encana Reports Strong 2015 Operating Performance And Reduces Planned 2016 Capital Investment By Around 55 Percent Year-Over-Year 83
Feb 08, 2016: Fluor Awarded Cutbank Ridge Partnership Sweet Gas Plant Project In Canada 86
Dec 14, 2015: Encana Focuses 2016 Capital Program On Core Four Assets; Targets Margin Growth And Quality Corporate Returns 86
Nov 12, 2015: Encana Delays New Gas Processing Project In Duvernay, Canada 88
Nov 12, 2015: Encana Lowers Costs And Grows High Margin Production In The Third Quarter 88
Appendix 92
Methodology 92
Coverage 92
Secondary Research 92
Primary Research 92
Data Information Sources 93
Company Source 93
SEC/Other Regulatory Filings 93
Other Sources 93
Expert Panel Validation 93
Data Definition 93
Oil and Gas Reserves 93
Units of Measure 94
About GlobalData 94
Disclosure 94
Disclaimer 94
List of Tables
Table 1: EnCana Corporation, Key Facts 8
Table 2: EnCana Corporation, Share Price Performance, Q2, 2015-Q2, 2016 9
Table 3: EnCana Corporation, Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Table 4: EnCana Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Table 5: EnCana Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12
Table 6: EnCana Corporation, Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Table 7: EnCana Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14
Table 8: EnCana Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Table 9: EnCana Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Table 10: EnCana Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Table 11: EnCana Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Table 12: EnCana Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Table 13: EnCana Corporation, Share Price Performance, 2011-2015 20
Table 14: EnCana Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: EnCana Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: EnCana Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: EnCana Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: EnCana Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: EnCana Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: EnCana Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: EnCana Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: EnCana Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: EnCana Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: EnCana Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: EnCana Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: EnCana Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: EnCana Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Table 28: EnCana Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42
Table 29: EnCana Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44
Table 30: EnCana Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46
Table 31: EnCana Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 48
Table 32: EnCana Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52
Table 33: EnCana Corporation, Revenue and Expenses, US$ mil, 2011-2015 53
Table 34: EnCana Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58
Table 35: EnCana Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Table 36: EnCana Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 63
Table 37: EnCana Corporation, Oil and Gas Performance Metrics, 2011-2015 64
Table 38: EnCana Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65
Table 39: EnCana Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 68
Table 40: EnCana Corporation, Producible Oil and Gas Wells, 2011-2015 69
Table 41: EnCana Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 74
Table 42: EnCana Corporation, Exploratory and Developed Wells, 2011-2015 75
List of Figures
Figure 1: EnCana Corporation, Share Price Performance, USD/Share, Q2, 2015-Q2, 2016 9
Figure 2: EnCana Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10
Figure 3: EnCana Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Figure 4: EnCana Corporation, Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13
Figure 5: EnCana Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14
Figure 6: EnCana Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Figure 7: EnCana Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Figure 8: EnCana Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Figure 9: EnCana Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Figure 10: EnCana Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Figure 11: EnCana Corporation, Share Price Performance, USD/Share, 2011-2015 20
Figure 12: EnCana Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: EnCana Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: EnCana Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: EnCana Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: EnCana Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: EnCana Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: EnCana Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: EnCana Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: EnCana Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: EnCana Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: EnCana Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: EnCana Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: EnCana Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: EnCana Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: EnCana Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: EnCana Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: EnCana Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: EnCana Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: EnCana Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: EnCana Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: EnCana Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 33: EnCana Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 34: EnCana Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Figure 35: EnCana Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 36: EnCana Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: EnCana Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46
Figure 38: EnCana Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Figure 39: EnCana Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 40: EnCana Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: EnCana Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 42: EnCana Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: EnCana Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51
Figure 44: EnCana Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51
Figure 45: EnCana Corporation, Revenue and Expenses, US$ mil, 2011-2015 53
Figure 46: EnCana Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 47: EnCana Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: EnCana Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 49: EnCana Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 50: EnCana Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 51: EnCana Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 52: EnCana Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57
Figure 53: EnCana Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Figure 54: EnCana Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 55: EnCana Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: EnCana Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 57: EnCana Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 58: EnCana Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 59: EnCana Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 60: EnCana Corporation, Oil and Gas Performance Metrics, 2011-2015 64
Figure 61: EnCana Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65
Figure 62: EnCana Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66
Figure 63: EnCana Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66
Figure 64: EnCana Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 67
Figure 65: EnCana Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 67
Figure 66: EnCana Corporation, Producible Oil and Gas Wells, 2011-2015 69
Figure 67: EnCana Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 68: EnCana Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 69: EnCana Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 71
Figure 70: EnCana Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 71
Figure 71: EnCana Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 72
Figure 72: EnCana Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72
Figure 73: EnCana Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 73
Figure 74: EnCana Corporation, Exploratory and Developed Wells, 2011-2015 75