Monday, March 12, 2012

Encana Rebalances The Portfolio

Encana's most recent corporate presentation reveals the Tuscaloosa Marine Shale as a key component to the rebalanced portfolio. 
Key highlights:
 
·       Advance potential liquids plays

·       Leverage technology and innovation to lower cost structures

·       De-risk capital exposure and advance development through joint ventures

·       290,000 net acres

·       80% NRI

·       2-7 year lease term

·       Vertical depth: 11,000 feet

·       2011 program:

o   Completed existing horizontal well

o   2 new horizontal wells

o   5,000 & 7,500 ft. lateral length

o   30 day IP of 690 bbls/d from 17 stages

·       2012F program:

o   2-3 rigs

o   6 wells in first half of 2012

Presentation:
http://www.encana.com/pdf/investors/presentations-events/corporate-presentation.pdf

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