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Encana Corporation
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July 2015 Corporate Presentation
| Doug Suttles | Page 42 of 11 |
November 23, 2024
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"July 2015 Corporate Presentation"
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41 ON TRACK T O MEET 2015 GUIDANCE 2015F To ta l Cash Flow ($B) 1.4 –1 .6 - pe r common shar e, diluted ($/ sh) 1.70 –1 .95 We ighted Av erage Common Shar es Out standing – diluted* (millions) 821 Cap ital In vestmen t ($B) 2.0 –2 .2 Na tur al Gas (MMcf/d) 1,600 – 1,700 Oil & Fie ld Conde nsa te (Mbbls/ d) 85 –9 5 NGLs (Mbbls/ d) 45 –5 5 To ta l Liquids (Mbbls/ d) 130 – 150 To ta l Pr oduc tion (MBOE/d) 395 – 430 Up stream Oper ating Expe nse ** ($/ BOE) 4.60 –4 .90 Tran sp or tation & Pr ocessing ($/ BOE) 8.75 –9 .00 Adm inis trative Expe nse ** ($/ BOE) 1.50 –1 .65 DD&A Rate ($/BOE) 9.75 – 10.25 • Capital, cash flow , production guidance unchanged – DD&A rate reduced • Expect to achieve mid to high end of cash flow range • $978 million net divestiture proceeds receiv e d YTD • Fully funded capital program + dividends with ~$100 million of expecte d surplus cash • ~T wo-thirds of planned 2015 capital spent in 1H • 2H capital focused on four strategic assets *Common shares outs ta ndin g of 842.5 million at June 30, 2015. **Ex cludes impacts of long -term incentives and restructuring cha rges . Disciplined & Results-Focused Approach To Capital Spending