With Halliburton
Encana, which calls Calgary home, along with a number of other sizable independent producers, such as Suncor Energy
As has become typical for companies of various sizes operating in North America -- including Chesapeake Energy
For instance, included in the company's targeted sales are a part of its Piceance midstream assets in Colorado, which are going to Dallas-based Summit Midstream Partners. And its Cabin Gas Plant in the Horn River Basin is being sold to Enbridge
Also likely to be sold soon are a portion of the company's assets in the Cutbank Ridge area of British Columbia and Alberta and its Barnett Shale assets in North Texas. For a time, it appeared that Encana would establish a Cutbank Ridge joint venture with PetroChina
On the development side, Encana is concentrating on five liquid-rich plays ranging from Alberta to Mississippi. Those prospects are composed of the Duvernay Shale in Alberta, Colorado's Niobrara formation and Piceance Basin, the Collingwood Shale in Michigan, and the Tuscaloosa Marine Shale in Mississippi. The company is also forming additional joint ventures to accelerate the development of its bank of assets.
For my money, Encana's no-nonsense approach to its asset allocation is impressive and is likely to benefit shareholders substantially in the years ahead. Given the level and pace of the company's restructuring, you might wish to keep closer tabs on the company by adding it to My Watchlist.