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BRIEF-Encana says headcount at end of 2015 to be down 19 pct from start - conf call

Published 2015-12-14, 09:46 a/m
© Reuters. BRIEF-Encana says headcount at end of 2015 to be down 19 pct from start - conf call
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Dec 14 (Reuters) - Encana Corporation ECA.TO :
* Says core assets on track to meet or exceed 270,000-barrel a day oil
equivalent target in Q4 and grow through 2016 - conf call
* Encana corporation says core assets on track to meet or exceed 270,000-barrel a day oil equivalent target in q4 and grow through 2016 - conf call
* Says in the Eagle Ford, plan to spend approximately $425 million in 2016 -
conf call
* Says continue to "aggressively" pursue cost reductions in duvernay with a
2016 drilling and completions target of $9.5 million per well
* Says in the montney, plan to keep production relatively flat in 2016 at about
140,000 barrels of oil equivalent per day - conf call
* Says expect to achieve a further 10 percent to 15 percent savings in 2016
including lower operating costs in each of the core four assets
* Says with debt repayments made in 2015, co has no long-term debt maturities
until 2019 - conf call
* Says budget and plan for 2016 does not include any acquisitions or
divestments
* Says headcount at the end of 2015 will be down about 19 percent from the
start of the year

* Further company coverage ECA.TO

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