HomeMagazine2015November 2015, Vol. 242, No. 11Oil and Gas Research Eyeing Future, Bridging Gaps

November 2015, Vol. 242, No. 11

Features

Oil and Gas Research Eyeing Future, Bridging Gaps

In the gridlock of first-quarter 2015 earnings conference calls last spring, Doug Suttles, CEO at Alberta-based Encana Corp., talked bullishly about the Canadian energy company’s production growth prospects. This while in the midst of reporting a $1.7 billion loss for the quarter tied to a $1.2 billion impairment charge brought on by last year’s global oil price crash and another $500 million of red ink coming from a foreign exchange loss. Regardless, Suttles couldn’t have been more upbeat when he talked to analysts in mid-May. The reason for his optimism emanated from Encana’s scaled-down portfolio emphasizing two U.S. shale plays (Permian and Eagle Ford) and two

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