Encana Newfield Exploration Merger 2018 Strategic Combination

Encana Corporation announced a strategic combination with Newfield Exploration to create a premier North American onshore resource company with operations in three major basins: Permian, Montney, and STACK/SCOOP. The merger positions the combined entity as the second-largest North American unconventional producer, generating significant cost synergies and shareholder returns including $1.5 billion in buybacks and a 25% dividend increase.