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Canada's Encana posts smaller loss as production rises

Published 2018-02-15, 06:10 a/m
Updated 2018-02-15, 06:20 a/m
© Reuters.  Canada's Encana posts smaller loss as production rises

Feb 15 (Reuters) - Canadian oil and gas producer Encana Corp ECA.TO , ECA.N posted a smaller quarterly loss on Thursday, helped by an increase in production and higher selling prices for oil.

The Calgary-based company said net loss narrowed to $229 million in the fourth quarter ended Dec. 31, from $281 million, a year earlier. oil and gas production rose to 335,200 barrels of oil equivalent per day (boe/d) from 321,500 boe/d a year ago.

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