Encana Corp. Chief Executive Officer Doug Suttles says drillers in Texas’s prolific Permian Basin can no longer impress investors with how much acreage they’re snapping up or how quickly they’re boosting production. Instead, investors will focus on how profitably companies are able to produce from their current holdings, Suttles said in an interview in New York. Encana, which has spent about four years reworking its portfolio of holdings to four top North American plays, expects to be a leader among its peers on that front, he said. “The race for the land is kind of over,” Suttles said. “Now it’s what are you going to do with the land.” Encana expects to increase cash flow about 25 percent a year through 2022, the Calgary-based company said Wednesday in a presentation […]