EnCana Corporation (Encana) Analysis across The Oil and Gas Value Chain

SUMMARY

EnCana Corporation (Encana) Analysis across The Oil and Gas Value Chain

Summary

EnCana Corporation (Encana) Analysis across The Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into EnCana Corporation. The report provides key information relating to oil and gas assets of the company and financial, SWOT and value chain analysis of the company. The report examines company's business structure and operations, history and products, and provides an analysis of its key revenue lines. It inspects the company's strategy, both in terms of its value chain positioning and strategic strengths and weaknesses.

Scope

• Provides historical production or capacity data on EnCana Corporation's oil and gas assets across value chain.
• Analyses and forecasts output for major oil and gas assets to 2020.
• Reports oil and gas exploration assets for each country including operator and equity details for major oil and gas assets of EnCana Corporation
• Critical analysis of EnCana Corporation' s strengths, weaknesses opportunities and threats and positioning on the value chain.
• Provides summary analysis of key revenue lines and strategy.
• Details on EnCana Corporation's history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available company statement.
• Product and brand updates, strategy changes, financial events.
• Latest mergers and acquisitions, partnerships or financings of EnCana Corporation including debt, equity or venture finance.

Reasons to buy

• Research your competitors business structure, strategy and prospects.
• Assess your competitor's major energy assets and their historic and forecast performance.
• Identify and assess potential corporate and asset investment opportunities
• Support sales activities by understanding your customers businesses better.
• Qualify prospective partners and suppliers.
• Obtain up to date company information

TABLE OF CONTENTS

1 Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 12
2 Company Snapshot 13
2.1 Key Information 13
2.2 Company Overview 13
2.3 Financial Performance 13
2.4 Industry Outlook - Production & Exploration 13
2.5 Industry Outlook - Refining 14
2.6 SWOT Snapshot 15
3 EnCana Corporation , Crude Oil And Natural Gas Forecasts, 2000-2012 16
3.1 EnCana Corporation , Crude Oil & Natural Gas Forecasts, By Fields 16
3.2 EnCana Corporation , Gross Revenue Forecasts, By Fields 19
3.3 EnCana Corporation , Total Government Take Forecasts, By Fields 22
3.4 EnCana Corporation , Contractor Take Forecasts, By Fields 25
4 EnCana Corporation , Exploration and Production Summary 28
4.1 EnCana Corporation, Fields under development 28
4.2 EnCana Corporation , Active Exploration Blocks, by Country, 2000-2007 28
4.3 EnCana Corporation, Crude Oil Production, by Country 30
4.4 EnCana Corporation, Natural Gas Production, by Country 31
5 EnCana Corporation, Crude Oil and Natural Gas Production By Fields 32
5.1 EnCana Corporation, Crude Oil Production 32
5.1.1 EnCana Corporation, Crude Oil Production in Texas, By Fields 32
5.1.2 EnCana Corporation, Crude Oil Production in Utah, By Fields 37
5.1.3 EnCana Corporation, Crude Oil Production in Wyoming, By Fields 38
5.1.4 EnCana Corporation, Crude Oil Production in Montana, By Fields 39
5.1.5 EnCana Corporation, Crude Oil Production in Alberta, By Fields 40
5.1.6 EnCana Corporation, Crude Oil Production in British Columbia, By Fields 41
5.1.7 EnCana Corporation, Crude Oil Production in Colorado, By Fields 44
5.1.8 EnCana Corporation, Crude Oil Production in Saskatchewan, By Fields 47
5.1.9 EnCana Corporation, Crude Oil Production in Argentina, By Fields 49
5.2 EnCana Corporation, Natural Gas Production 50
5.2.1 EnCana Corporation, Natural Gas Production in Texas, By Fields 50
5.2.2 EnCana Corporation, Natural Gas Production in Louisiana, By Fields 55
5.2.3 EnCana Corporation, Natural Gas Production in Utah, By Fields 55
5.2.4 EnCana Corporation, Natural Gas Production in Wyoming, By Fields 56
5.2.5 EnCana Corporation, Natural Gas Production in Montana, By Fields 58
5.2.6 EnCana Corporation, Natural Gas Production in Alberta, By Fields 59
5.2.7 EnCana Corporation, Natural Gas Production in British Columbia, By Fields 60
5.2.8 EnCana Corporation, Natural Gas Production in Colorado, By Fields 63
5.2.9 EnCana Corporation, Natural Gas Production in Oklahoma, By Fields 67
5.2.10 EnCana Corporation, Natural Gas Production in Saskatchewan, By Fields 68
5.2.11 EnCana Corporation, Natural Gas Production in Argentina, By Fields 71
6 EnCana Corporation Pipeline Operations 72
6.1 Pipeline Operations, Key Data 72
6.2 Pipeline Operations, Overview 72
6.3 Pipeline Operations, Crude Oil Pipelines 72
6.4 Pipeline Operations, Natural Gas pipelines 73
6.5 Pipeline Operations, Natural Gas Pipeline Capacity, 1994- 2006 74
7 EnCana Corporation Underground Gas Storage Operation 75
7.1 Underground Gas Storage Operation, Overview 75
8 Business Description 76
8.1 Business Overview 76
8.2 Integrated Oil 76
8.2.1 Production 76
8.2.2 Financials 77
8.2.3 Capital Expenditure 77
8.2.4 Market View 77
8.2.5 Key Strategies 77
8.3 Market Optimization 77
8.3.1 Overview 77
8.3.2 Financials 77
8.3.3 Capital Expenditure 78
8.4 Upstream 78
8.4.1 Production 78
8.4.2 Financials 78
8.4.3 Capital Expenditure 78
8.4.4 Market View 79
8.4.5 Key Strategies 79
8.5 Major Products and Services 79
8.5.1 Overview 79
9 History 80
10 Business Strategy 83
10.1 Mission Statement 83
10.2 Strategy 83
10.3 Corporate Social Responsibility 83
10.3.1 Overview 83
10.3.2 Specific CSR Initiatives 83
11 Value Chain Analysis 85
11.1 Upstream 85
11.1.1 Overview 85
11.1.2 Financials, Production and Major Projects 86
11.2 Downstream 86
11.2.1 Overview 86
11.2.2 Financials, Production and Major Projects 86
12 SWOT Analysis 87
12.1 Overview 87
12.2 EnCana Corporation Strengths 87
12.2.1 Strong upstream operations 87
12.2.2 Ownership of power generation assets 88
12.3 EnCana Corporation Weaknesses 88
12.3.1 Poor Resource Management 88
12.3.2 Decreasing Profitability 88
12.4 EnCana Corporation Opportunities 88
12.4.1 Enormous Oil Sands Potential 88
12.4.2 Growing market in Texas 88
12.4.3 Increasing Demand for Natural Gas 89
12.5 EnCana Corporation Threats 89
12.5.1 Intense competition 89
12.5.2 Environment compliance costs 89
13 Competitors 90
14 Revenue Analysis 91
14.1 Revenue by Segment 91
14.2 Revenue by Geography 91
15 Financial and Operational Review 93
15.1 Financial Statements 93
15.2 Financial Ratios 94
16 Operational Indicators 95
17 Share Holding Structure 96
18 Key Employees 97
19 Key Employee Biographies 98
20 Company Statement 100
21 Locations And Subsidiaries 104
21.1 Head Office 104
21.2 Other Locations & Subsidiaries 104
22 Financial Deals Landscape 106
22.1 Asset Purchase 106
22.1.1 Capricorn Energy Acquires Greenland Blocks From EnCana 106
22.1.2 EnCana Acquires Deep Bossier Natural Gas And Land Interests From Leor Energy 107
22.1.3 Exxel Energy Acquires Interest In Columbia River Basin From EnCana 109
22.1.4 MGM Energy Acquires Umiak Asset From Encana 110
22.1.5 One Exploration Enters Into Farm-In Agreement With Encana 111
22.1.6 Andes Petroleum Company Acquires Oil And Pipeline Interests Of Encana In Ecuador 113
22.1.7 Encana Closes Sale Of Its Natural Gas Liquids Business To Provident Energy Trust 114
22.1.8 Encana Closes Sale Of Conventional Oil And Gas Properties To Starpoint Energy Trust 116
22.1.9 Statoil Acquires Gulf of Mexico Assets From EnCana 117
22.1.10 Encana Sells North Sea Assets To Nexen 119
22.1.11 Encana Closes Sale Of Conventional Oil And Natural Gas Assets To Harvest Energy 120
22.1.12 EnCana Completes Sale Of Natural Gas Assets In Alberta 122
22.1.13 Shell Canada Acquires Athabasca Oil Sands Leases From EnCana 123
22.1.14 Encana Closes Sale Of Cold Lake Pipeline System To Inter Pipeline Fund 124
22.2 Partnership 126
22.2.1 Encana And Conocophillips Form A Joint Venture 126
22.2.2 One Exploration Enters Into Farm-In Joint Venture With Encana Corporation 127
22.2.3 Encana And Heart Lake First Nation Enters Into A New Partnership 129
22.2.4 Delta Petroleum Forms Joint Venture With EnCana Oil & Gas (USA) 130
22.2.5 EnCana Signs Memorandum Of Understanding With Premcor Refining Group 131
22.3 Debt Offerings 132
22.3.1 EnCana Completes Public Offering Of Senior Unsecured Medium Term Notes For $732.5 Million 132
22.3.2 EnCana Completes $700 Million Of 5.9% Notes Offering 134
22.3.3 EnCana Completes $800 Million Of 6.5% Notes Offering 135
22.3.4 EnCana Completes $500 Million Of 6.625% Notes Offering 136
22.3.5 EnCana Completes $426.68 Million Of 4.3% Notes Offering 137
22.3.6 EnCana Completes Public Offering Of $720.77 Million 138
22.3.7 EnCana Completes Public Offering Of $427.53 Million 139
22.4 Private Equity 141
22.4.1 Carlyle/Riverstone Global Energy And Power Fund Acquires Natural Gas Storage Business From EnCana 141
22.5 Acquisition 142
22.5.1 Encana Sells All Of Its Interests In Chad To CNPC 142
22.5.2 Encana Sells 53.3% Interest In Petrovera Resources To Canadian Natural Resources 144
22.5.3 Encana Closes Sale Of Remaining 3.75% Of Syncrude To Canadian Oil Sands Limited 146
22.5.4 Canadian Oil Sands Limited Acquires Encana'S 10% Stake In The Syncrude Project 148
22.5.5 Niska Gas Storage Completes The Acquisition Of Wild Goose Storage 149
22.5.6 Norsk Hydro Acquires EnCana subsidiary From EnCana 151
22.5.7 EnCana To Sell Its Interest In Brazil To Videocon Industries And Bharat PetroResources 153
22.5.8 EnCana Acquires Tom Brown 155
22.5.9 Harvest Acquires Breeze Resources From Encana 156
23 Recent Developments 159
23.1 Strategy and Business Expansion 159
23.1.1 Jun 16, 2008: EnCana Establishes Land And Resource Position In Two North American Natural Gas Shale Plays 159
23.1.2 May 11, 2008: Encana To Split Along Distinct Business Lines To Create Two Calgary-Headquartered Energy Companies 160
23.1.3 Feb 05, 2008: Maritimes & Northeast To Increase Capacity Of Its Pipeline System 161
23.1.4 Nov 08, 2007: EnCana Selects Contractor For Deep Panuke Production Field 162
23.1.5 Jan 03, 2007: EnCana, ConocoPhillips Close Transaction To Create Integrated Oil Business 162
23.1.6 Jan 03, 2007: ConocoPhillips, EnCana Create Integrated North American Oil Business 162
23.1.7 Oct 03, 2006: EnCana Helds Opening Ceremeony For Steeprock Gas Plant 163
23.1.8 Jun 30, 2006: EnCana, Nova Scotia Reach Pact On Deep Panuke Development 163
23.2 Drilling and Production Updates 164
23.2.1 Apr 08, 2008: Apache Updates On Wells Drilled At Ootla Shale Gas Play, Northeast British Columbia 164
23.2.2 Oct 09, 2007: Exxel Provides Operational Update 164
23.2.3 Mar 29, 2007: Xtreme Coil Provides Drilling Update On Well At DJ Basin, Colorado 166
23.2.4 Feb 22, 2007: Altinex Spuds Second Well In Oman 166
23.2.5 Jan 23, 2007: Altinex Spuds First Well In Oman 166
23.3 Financial Announcements 167
23.3.1 Jul 24, 2008: Encana Reports 2Q 2008 Results 167
23.3.2 Apr 22, 2008: Encana Declares Quarterly Dividend 168
23.3.3 Apr 22, 2008: Encana Declares Q1 2008 Results 168
23.3.4 Feb 14, 2008: Encana Declares Q4 2007 Results 170
23.3.5 Feb 14, 2008: Encana Declares Quarterly Dividend 171
23.3.6 Jan 31, 2008: EnCana To Announce Q4 2007 Results 171
23.3.7 Oct 25, 2007: Encana Declares Quarterly Dividend 171
23.3.8 Oct 25, 2007: Encana Declares Q3 2007 Results 171
23.3.9 Jul 25, 2007: Encana Declares Quarterly Dividend 173
23.3.10 Jul 25, 2007: Encana Declares Q2 2007 Results 173
23.3.11 Apr 25, 2007: Encana Declares Quarterly Dividend 174
23.3.12 Apr 25, 2007: EnCana Reports Q1 2007 Results 174
23.3.13 Feb 15, 2007: EnCana Reports 2006 Year-End Results 175
23.3.14 Nov 02, 2006: EnCana Gets TSX Approval For Renewal Of Its Normal Course Issuer Bid 175
23.3.15 Oct 25, 2006: EnCana Reports Q3 2006 Results 176
23.3.16 Jul 25, 2006: EnCana Reports Q2 2006 Results 178
23.4 Other Significant Developments 178
23.4.1 Jun 16, 2008: EnCana Announces Management Changes 178
23.4.2 Feb 18, 2008: Anadarko To Explore Oil In Brazil's Pre-Salt Area 179
23.4.3 Dec 12, 2007: EnCana Plans For 2008 Capital Expenditures 179
23.4.4 Dec 07, 2007: ConocoPhillips Approves 2008 Capital Budget 181
23.4.5 Apr 24, 2007: EnCana Announces AGM 183
23.4.6 Feb 23, 2007: EnCana Files 2006 Year-End Disclosure Documents 183
23.4.7 Jan 03, 2007: EnCana Announces Corporate Re-organization 183
23.4.8 Dec 15, 2006: EnCana Declares Two Bidders For Deep Panuke Field Contract 183
23.4.9 Dec 14, 2006: EnCana To Invest US$5.9 Billion In 2007 184
23.4.10 Nov 09, 2006: EnCana Files Development Plan For Deep Panuke Natural Gas Project 184
23.4.11 Oct 25, 2006: EnCana Announces Board And Management Changes 185
23.4.12 Sep 27, 2006: EnCana To Build A Better Light Bulb 185
23.4.13 Jul 13, 2006: EnCana Announces Senior Management Changes In Canadian Upstream Operations 186
23.4.14 Jun 09, 2006: EnCana Provides $1 Million For National Chair On Aboriginal Economic Development 186
23.5 New Contracts Announcements 187
23.5.1 Jun 17, 2008: Acteon Wins GBP1 Million Contract From EnCana 187
23.5.2 Jun 03, 2008: Claxton Wins $2 Million Contract From Encana 187
23.5.3 Feb 13, 2008: Acergy Wins $195 Million EPIC Contract From EnCana 188
24 Appendix 189
24.1 Methodology 189
24.1.1 Coverage 189
24.1.2 Secondary Research 190
24.1.3 Primary Research 190
24.1.4 E&P Forecasts 191
24.1.5 Midstream Forecasts 193
24.1.6 Expert Panel Validation 194
24.2 Contact Us 194
24.3 About Global Markets Direct 194
24.4 Disclaimer 194

1.1 List of Tables
Table 1: EnCana Corporation, Key Facts, 2007 13
Table 2: EnCana Corporation ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012 17
Table 3: EnCana Corporation ,Natural Gas Production And Forecasts (MMcf) by Fields ,2000-2012 18
Table 4: EnCana Corporation , Gross Revenue ($thousand) by Fields, 2008-2012 20
Table 5: EnCana Corporation , Total Government Take ($thousand) by Fields, 2008-2012 23
Table 6: EnCana Corporation , Contractor Take ($thousand) by Fields, 2008-2012 26
Table 7: EnCana Corporation, Fields under development 28
Table 8: EnCana Corporation, Number of Exploration Blocks, by Country, 2000-2007 29
Table 9: EnCana Corporation, Crude Oil Production (BBls), by Country, 2000-2007 30
Table 10: EnCana Corporation, Natural Gas Production (MMcf), by Country, 2000-2007 31
Table 11: EnCana Corporation, Crude Oil Production (BBls) By Fields in Texas, 2000-2007 32
Table 12: EnCana Corporation, Crude Oil Production (BBls) By Fields in Utah, 2000-2007 37
Table 13: EnCana Corporation, Crude Oil Production (BBls) By Fields in Wyoming, 2000-2007 38
Table 14: EnCana Corporation, Crude Oil Production (BBls) By Fields in Montana, 2000-2007 39
Table 15: EnCana Corporation, Crude Oil Production (BBls) By Fields in Alberta, 2000-2007 40
Table 16: EnCana Corporation, Crude Oil Production (BBls) By Fields in British Columbia, 2000-2007 41
Table 17: EnCana Corporation, Crude Oil Production (BBls) By Fields in Colorado, 2000-2007 44
Table 18: EnCana Corporation, Crude Oil Production (BBls) By Fields in Saskatchewan, 2000-2007 47
Table 19: EnCana Corporation, Crude Oil Production (BBls) By Fields in Argentina, 2000-2007 49
Table 20: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Texas, 2000-2007 50
Table 21: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Louisiana, 2000-2007 55
Table 22: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Utah, 2000-2007 55
Table 23: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Wyoming, 2000-2007 56
Table 24: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Montana, 2000-2007 58
Table 25: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Alberta, 2000-2007 59
Table 26: EnCana Corporation, Natural Gas Production (MMcf), By Fields in British Columbia, 2000-2007 60
Table 27: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Colorado, 2000-2007 63
Table 28: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Oklahoma, 2000-2007 67
Table 29: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Saskatchewan, 2000-2007 68
Table 30: EnCana Corporation, Natural Gas Production (MMcf), By Fields in Argentina, 2000-2007 71
Table 31: EnCana Corporation, Pipeline Key Statistics, 2007 72
Table 32: EnCana Corporation, Petroleum Product Pipelines, 2007 72
Table 33: EnCana Corporation, Natural Gas Pipelines, 2007 73
Table 34: EnCana Corporation, Natural Gas Pipeline Capacity,(Bcf), 1994- 2006 74
Table 35: EnCana Corporation, SWOT Analysis , 2007 87
Table 36: EnCana Corporation, Revenue by Segment, USD Million, 2003-2007 91
Table 37: EnCana Corporation, Revenue by Geography, USD Million, 2003-2007 92
Table 38: EnCana Corporation, Financial Statements, USD Million, 2003-2007 93
Table 39: EnCana Corporation, Financial Ratios, USD Million, 2003-2007 94
Table 40: EnCana Corporation Operational Indicators, 2003-2007 95
Table 41: EnCana Corporation, Share Holding Structure 96
Table 42: EnCana Corporation, Key Employees, 2007 97
Table 43: EnCana Corporation, Other Locations 104
Table 44: EnCana Corporation, Subsidiaries 105
Table 45: Brent Blend NYMEX Future Prices 193

1.2 List of Figures
Figure 1: EnCana Corporation , Crude Oil & Natural Gas Forecasts, 2000-2012 16
Figure 2: EnCana Corporation , Gross Revenue ($thousand) by Fields, 2008-2012 19
Figure 3: EnCana Corporation , Total Government Take ($thousand) by Fields, 2008-2012 22
Figure 4: EnCana Corporation , Contractor Take ($thousand) by Fields, 2008-2012 25
Figure 5: EnCana Corporation, Number of Exploration Blocks, by Country, 2000-2007 28
Figure 6: EnCana Corporation, Crude Oil Production (BBls), by Country, 2000-2007 30
Figure 7: EnCana Corporation, Natural Gas Production (MMcf), by Country, 2000-2007 31
Figure 8: EnCana Corporation, Value Chain Analysis 85
Figure 9: Global Markets Direct Methodology 189