Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.
Montney could compete with premier Texas shale oilfields but it’s being held back by a “cumbersome” regulatory system.
The company hasn’t said how many employees were laid off.
Encana has now become Americanized, driven south by disastrous Liberal policies.
Encana will assume US$2.2 billion of Newfield debt.
Wary of cost inflation and unconvinced that recent price increases will last.
Light oil produced with gas from the Montney underground formation will double in the fourth quarter.
A string of suits allege energy companies have deliberately sown misinformation and doubt on climate change.
Selling no core assets to focus on four core areas in Texas and Western Canada.
A border adjustment tax could make it more difficult for Canadian producers to compete in the US.
Projection based on anticipated cost reductions and higher total volumes in the second half of this year.
Revenue fell to $979 million compared with $1.31 billion in third quarter of 2015.
Oil and gas producer has a rosier outlook for the rest of the year.
Reinvesting savings and asset sale funds to increase capital program by $200 million.
Blended oil sands bitumen rose 58% to an average of $42.52 per barrel from $26.93.