Articles Tagged "TSX:ECA"

New US Fracking Regulations Face Opposition

Gas – The new fracking rules unveiled by the US federal government last week have already caused quite a stir. Two industry groups reportedly filed a lawsuit within minutes of the announcement.

Encana to Sell East Texas Properties for $530 Million

Gas – Encana Corporation (TSX:ECA,NYSE:ECA) announced that its 100% owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an undisclosed purchaser to sell, for approximately $530 million, several properties located primarily in Leon and Robertson counties of East Texas. The sale is expected to close in the second quarter of 2014, and will be subject to normal closing conditions.

Chevron Buys Out Encana and EOG, Takes Lead in Kitimat Project

Gas – The Globe and Mail reported that Chevron Corp. (NYSE:CVX) has agreed to take 50-percent ownership of Kitimat LNG by buying the minority positions held by Encana Corp. (TSX:ECA,NYSE:ECA) and EOG Resources Inc. (NYSE:EOG). The move places Chevron at the helm of the project and brings it closer to becoming a reality.