Friday, July 22, 2011

Encana Announces Tuscaloosa Marine Shale Position

In Encana's quarterly earnings call yesterday, they announced their position in the Tuscaloosa Marine Shale.  It appears that we now have two major players in the play that have significant experience in shale drilling, completion, and production.

"Additionally, we have captured more than 250,000 net acres in the Tuscaloosa marine shale located in Mississippi and Louisiana. We will drill our first horizontal well starting next month. Although unproven today, we see this opportunity as a large unconventional oil- and liquids-rich natural gas resource play."

Transcript:
http://seekingalpha.com/article/281023-encana-management-discusses-q2-2011-results-earnings-call-transcript

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