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Encana Enhances IP Rates in the Permian, Eagle Ford in Q1

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Encana Enhances IP Rates in the Permian, Eagle Ford in Q1

Summary: Encana reported the following key points in its Q1 2017 report.

Stacked pay results at Abbie Laine pad in the Permian: During the first quarter, Encana targeted five different stacked pay zones from 12 wells with each delivering an average 30-day initial production rates of over 1,000 BOE/d, including over 800 bbls/d of oil. Peak daily production from the 12-well pad was approximately 14,000 BOE/d, including 11,000 bbls/d of oil. South Texas completion enhancement: Three wells brought on production during the first quarter each delivering average 30-day initial production rates of 1,300 BOE/d, including 1,000 bbls/d of oil. In addition, five new Austin Chalk wells brought on production in mid-April are each delivering an average of over 2,150 BOE/d, including over 1,900 bbls/d…
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