Canada's Encana says expects capex to drop $600 mln 2016

Mon Dec 14, 2015 6:17am EST
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Dec 14 (Reuters) - Canadian oil and natural gas producer Encana Corp , responding to a sharp drop in oil prices, has cut its 2016 capital budget by $600 million compared with 2015.

The company said on Monday it expected to produce an average 340,000-370,00 barrels of oil equivalent per day (boepd) in 2016. Of this, the company's core assets would produce an average 260,000-280,000 (boepd). (Reporting by Anet Josline Pinto in Bengaluru; Editing by Ted Kerr)