Encana reported a loss US$601 million in the second-quarter compared to US$1.61 billion a year earlier.
The Calgary-based player booked impairments of US$331 million in the three month period, however, this was significantly less than the US$1.32 billion in impairments it booked last year.
The company has been undergoing cost cuts and selling off assets aiming to improve efficiency and returns. Following promising results, Encana said it plans to reinvest savings and a portion of proceeds from its US$1.1
