Encana annual report summary - 2010
Encana annual report summary - 2010
Encana annual report summary - 2010
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driving<br />
future growth<br />
<strong>Encana</strong> continues to solidify its presence in several of the most exciting shale<br />
and tight gas plays in North America: the Haynesville in Louisiana and Texas,<br />
Horn River in British Columbia and Montney in Alberta and British Columbia.<br />
Driving future growth<br />
350,000<br />
net acres<br />
303<br />
mMcfe/d <strong>2010</strong> Average<br />
Daily Production<br />
1,500<br />
well inventory (1P + 1C)<br />
Haynesville Shale / TX / LA<br />
Having completed the majority<br />
of its land retention program in<br />
<strong>2010</strong>, <strong>Encana</strong> holds 350,000 net<br />
acres in the heart of this exciting<br />
play. In 2011, it is expected<br />
that the majority of Haynesville<br />
development activity will focus on<br />
maximizing natural gas recovery by<br />
establishing resource play hubs.<br />
HORN RIVER SHALE / BC<br />
With more than 250,000 net<br />
acres in the Horn River, <strong>Encana</strong><br />
believes it has an industry-leading<br />
position in this play. Without<br />
any land retention concerns,<br />
the company can immediately<br />
begin optimization work with<br />
resource play hub operations and<br />
infrastructure development.<br />
264,000<br />
net acres<br />
29<br />
mMcfe/d <strong>2010</strong> Average Daily<br />
Production<br />
600<br />
well inventory (1P + 1C)<br />
693,000<br />
net acres<br />
274<br />
mMcfe/d <strong>2010</strong> Average<br />
Daily Production<br />
1,600<br />
well inventory (1P + 1C)<br />
MONTNEY TIGHT GAS / BC / AB<br />
Since entering the Montney eight<br />
years ago, <strong>Encana</strong> has improved<br />
cost structures by leveraging<br />
technology and optimizing the<br />
development process. With<br />
<strong>2010</strong> average supply costs of<br />
approximately $3 per Mcf, the<br />
Montney is one of <strong>Encana</strong>’s most<br />
economic plays and its evolution<br />
is an excellent analogy for what<br />
<strong>Encana</strong> expects to achieve<br />
throughout its portfolio.<br />
As at December 31, <strong>2010</strong>
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