CALGARY, Alberta, July 21 (UPI) -- Spending on exploration and production is going up after second quarter operations turned into positive cash flow, shale oil and gas producer Encana Corp. said.
Canada-based Encana said its "relentless focus" on controlling costs meant operating earnings improved to $89 million, against a first quarter loss of $130 million, and cash flow was up more than 75 percent from the previous quarter.