Feb 24 (Reuters) - Encana Corporation ECA.TO :
* Reports strong 2015 operating performance and reduces planned 2016 capital
investment by around 55 percent year-over-year
* Q4 operating earnings per share $0.13
* Says fourth quarter production from the core four assets totaled 274,400
barrels of oil equivalent per day (boe/d), up 35 percent
* Says fourth quarter production from the core four assets totaled 274,400
boe/d, up 35 percent
* Says encana's revised 2016 capital plan will range between $900 million and
$1 billion
* Says expects its cost structure in 2016 to be around $550 million lower than
in 2015
* Says expected overhead cost savings include an approximate 20 percent
workforce reduction
* Says reduction in expected 2016 capital will have minimal impact on 2016
production
* Total workforce reduction since 2013 is now over 50 percent
* Says estimates total liquids volumes in 2016 will average between 120,000
bbls/d and 130,000 bbls/d
* Will invest virtually all of co's capital in core four assets and cost
structure will be about $550 million lower than in 2015
* Says company expects its cost structure in 2016 to be around $550 million
lower than in 2015
* Says additional capital efficiencies are expected to contribute a further $50
million of cash flow compared to previous 2016 guidance
* Says company estimates total liquids volumes will average between 120,000
bbls/d in 2016
* Says fourth quarter total liquids production of 145,000 barrels per day
(bbls/d), up 36 percent
* Says natural gas production ranging from 1,300 mmcf/d to 1,400 mmcf/d in 2016
* Will invest "virtually all of our capital" in co's core four assets
* As at February 19, 2016, Encana has hedged close to 75 percent of expected
2016 oil, condensate and natural gas production
* Source text for Eikon ID:nMKWPhLK7a
* Further company coverage ECA.TO