EnCanada buying full stake in U.S. natural gas field
OTTAWA, Nov. 5 (Xinhua) -- One of Canada's most profitable oil and gas companies, EnCana Corp., said Monday it will pay 2.55 billion Canadian dollars (2.73 billion U.S. dollars) to buy out a partner's 50 percent stake in a fertile U.S. natural gas field.
The Calgary-based company said it is buying the half interest in the Amoruso field held by privately owned Leor Energy, located in eastern Texas.
EnCana president and chief executive Randy Eresman said the field, which produces more than 215 million gross cubic feet per day, is centered in one of the fastest-growing natural gas areas in North America, the Deep Bossier formation.
"These assets are a seamless fit with our existing production and operations, and they hold tremendous growth potential in the near and longer term," Eresman said in a statement.
EnCanada was formed in 2002 with the merger of PanCanadian Energy and Alberta Energy. In both 2003 and 2004 it was Canada's most profitable company, with approximately 3.5 billion U.S. dollars in profits on 12.2 billion U.S. dollars in revenue.
猜你喜欢
-
- 04-082017考研复试英语新闻听力选择题答题技巧
- 04-081999年1月英语四级考试阅读真题(附答案)D篇
- 03-082015年考研英语语法基础入门:强调句的运用
- 04-08英文阅读中容易被“误解”的俗语词组(5)
- 04-08aspirin的解释含义及用法例句
- 04-08clip的解释含义及用法例句
- 03-092018年考研英语阅读到底怎么治
- 04-08大学英语六级考试长难句翻译练习(25)
- 04-082016考研英语:小“伎俩”,大智慧
- 03-092018年考研英语8月份复习重点建议