ENCANA CORPORATION Montney Jim Roberts Vice-President & General Manager, Northern Operations
ENCANA IN THE MONTNEY A Premier North American Play Encanas Montney is a condensate play 6,900 premium condensate-rich inventory* Stacked horizontal development Over 1,000 of pay, up to 6 stacked horizons 5 year growth plan…
LARGEST MONTNEY PRODUCER Montney Production at a Glance Gross Encana Production vs Peers* Montney Acreage 150 Gross Operated Production 100 (MBOE/d) 50 0 *Data sourced from RS Energy Group 3
WELL PRODUCTIVITY Top Performance vs. Peers 600 Focused on higher margin, higher return condensate rich wells 500 Condensate IP180 (bbls/d, BOE/d) ECA IP180 yields of 400 30-300 bbls/MMcf 300 200 100 0 Peer…
CONTINUOUS IMPROVEMENT Reducing Drilling & Completion Costs Quarterly D&C Performance* 8 D&C Cost MM Cube development driving efficiencies 6 Integrated supply chain management leveraging 4 scale 2 Total D&C costs down 25%…
CUBE DEVELOPMENT Driving Drilling and Completions Efficiencies Tower Drilling Performance Tower Completions Cycle Time Performance Days 0 5 10 15 20 20 0 2015 15 Completion Days/Well 2016 5,000 Measured Depth (ft)…
MONTNEY MIDSTREAM INFRASTRUCTURE Liquids Handling Capacity Supports Growth & Flexibility Key Montney Infrastructure Additions 100,000 Expect 70,000 Bbls/d Sales 85,000 Net Raw Capacity Bbls/d 70,000 Current Net Raw…
EXECUTION EXCELLENCE AT MAJOR SCALE Plants On Ahead of Schedule & Under-Budget First Gas at Tower Plant September 20, 2017 Tower and Sunrise on-stream Saturn to start-up before year-end Facilities designed and built by Encana…
SUSTAINED CONDENSATE PRODUCTION Detailed Reservoir Engineering Condensate-gas ratio (CGR) varies with time Average Montney CGR Type-Curve Trends Type curves reflect phase behaviour 400 Initial condensate ratios up to 800…
ENCANA PIPESTONE Significant Condensate & Oil Production Situated in core of Alberta Pipestone Acreage Stacked HZ Dev. Montney G r RD RHOB F 90,000 contiguous acres, 98%WI 2,700 premium well inventory G Up to 4 stacked…
VOLATILE OIL Pipestone Well Performance Pipestone Acreage 350 Pipestone VO Type Curve IP180 Condensate = 825 bbls/d 15-26 Pad 300 IP180 Gas = 2.1 MMcf/d (03/1-23, 02/4-24) Cumulative Production (MBOE) EUR = 1,000 MBOE D&C =…
ENCANA TOWER Robust Condensate Production Condensate Acreage Stacked HZ Dev. Located in core of central region AB1 Active area for industry Condensate and oil development B2B3 CGRs up to 400 bbls/MMcf C1C2 64,000 contiguous…
RICH GAS CONDENSATE Tower Well Performance 2-14 Pad 700 2-12 Pad Tower RGC Type Curve IP180 Condensate = 270 bbls/d 600 IP180 Gas = 6.0 MMcf/d Cumulative Production (MBOE) EUR = 1,500 MBOE 5-1 Pad D&C = 3.5 MM (incl.…
ENCANA DAWSON SOUTH Emerging Condensate Rich Acreage Emerging Condensate Acreage Stacked HZ Dev. Located in core of central region G RD RHOB r Low risk, high value future growth potential AB1 Condensate ratios up to 50 bbls/MMcf C…
GAS CONDENSATE Dawson South Well Performance 500 Dawson South GC Type Curve 10-35 Pad IP180 Condensate = 370 bbls/d IP180 Gas = 9.9 MMcf/d Cumulative Production (MBOE) 400 EUR = 1,600 MBOE 4-17 Pad D&C = 4.1 MM Lateral…
Grande Prairie Operations Control Centre ENCANA MONTNEY Operating Cost Performance Workforce collaboration across the asset Optimizing water handling Managing field work using automated work orders and integrated scheduling…
MIDSTREAM AND MARKETING OVERVIEW Montney Flexible midstream and transportation portfolio aligned with development program Diversified physical markets and liquid Montney In-field gathering financial market system links to NGTL AECO…
ENCANA MONTNEY Liquids Growth Profile 5 Year Growth Profile 90 Development focused in condensate rich areas 60 Mbbls/d 2018 program to keep liquids capacity full Additional capacity comes online late 2018 30 Operating…