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Encana Touts Cube Development in the Permian; Duvernay, Montney Success
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Encana reported its Q3 2017 results. Highlights from its release / call include:
Q3 total production of 284,000 BOEPD Permian - Cube DevelopmentIn the Permian, cube development and the latest high-intensity completion designs are boosting well performance for Encana. Its recent Midland County 10-well cube was put on stream with the first wells averaging over 1,600 BOEPD in a 2-week period.
The company is on track to increase its Permian production to ~75 MBOEPD in Q4 2017 (up +36% from ~55 MBOEPD in Q1 2017).
Duvernay Advanced Completion PilotEncana delivered record Duvernay production of >24 MBOEPD in the third quarter. Also the company touted its first advanced completion pilot in the play is delivering encouraging early well results.
MontneyIn the Montney, advanced completions…
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