Friday, October 24th0.5°C
23840

Canadian Press NewsAlert: Encana to buy Texas oil land for $3.1 billion

CALGARY - Encana Corp. (TSX:ECA) says it has reached an agreement to acquire 45,500 net acres of oil-producing property in south Texas for $3.1 billion.

The Calgary-based energy producer says the deal with Freeport-McMoRan is for land produced about 53,000 barrels of oil equivalent per day in the first quarter of 2014.

More to come.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14486.83+174.76
S&P CDNX808.600.60
DJIA16677.90216.58
Nasdaq4452.792+69.945
S&P 5001950.82+23.71
CDN Dollar0.8915+0.0011
Gold1231.40+2.30
Oil81.04-0.71
Lumber334.10+4.50
Natural Gas3.591-0.031

 
Okanagan Companies
Pacific Safety0.11-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.0550.00
Anavex Life Sciences0.1980.00
Metalex Ventures0.04-0.01
Russel Metals33.16+0.63
Copper Mountain Mining2.08-0.02
Colorado Resources0.14-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.41+0.005

 



22970

FEATURED Property
2106754107-567 Yates Road
1 bedrooms 1 baths
$197,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...

_








Member of BC Press Council


22632