ENCANA CORPORATION Eagle Ford Eric T. Greager Vice-President & General Manager, Western Operating Area
EAGLE FORD Core Position in the Oil Window Largely contiguous position in the Karnes Trough Most active and profitable trend in the Eagle Ford Completion innovations leading to better wells 2017 well inventory improvement Stacked…
LEADING OPERATOR Top Karnes County Producers Gross Encana Production vs Peers* Eagle Ford 80 Gross Operated Oil Production 60 (Mbbls/d) 40 20 0 MRO EOG ECA COP PXD MUR DVN *Data sourced from Drilling Info, Inc.…
EAGLE FORD CAPITAL EFFICIENCY Significant Productivity Improvements Drilling Days vs Depth Return-focused enhanced completions Days 45% performance improvement from 15% D&C 0 5 10 15 20 0 cost increase Improvement in production…
MARGINS & RETURNS Karnes County 300 Karnes Eagle Ford Type Curve IP30 = 1,200 BOE/d IP180 Oil = 720 bbls/d EUR = 650 MBOE 250 D&C = 4.6 MM (incl. advanced completions scope) Cumulative Production (MBOE) Lateral Length =…
INNOVATION SUCCESS - FRAC COMPLEXITY Thinner Fluids & Tighter Clusters Fracture Complexity Leads to Improved Performance 400 Cumulative Production (MBOE) 300 PA S T PRESENT 200 100 0 0 100 200 300 Producing Days Past…
EAGLE FORD STACKED AND STAGGERED Triple Stacking with Complex Fractures Eagle Ford 330 x 80 Optimizing spacing both vertically and Stacked & Staggered Pattern horizontally 70 Cumulative Production MBOE / 1000' Greater overall…
EAGLE FORD SIGNIFICANT VALUE CREATION Austin Chalk Development Producing Austin Chalk Wells as of 3Q 2017 Austin Chalk Type Curve 400 IP30 = 1,400 BOE/d IP180 Oil = 830 bbls/d 350 EUR = 770 MBOE Cumulative Production (MBOE)…
EXPANDING MARGINS Reducing Operating Costs Eagle Ford Direct Operating Cost Reductions Leveraging company-wide effort Optimized repairs, maintenance, and workovers /BOE 10 Shifting work in-house Supply management gains 9 Lower…
MIDSTREAM AND MARKETING OVERVIEW Eagle Ford Firm gas gathering and NGL processing Close proximity to market and aligned with asset development program well-developed infrastructure Infield gathering and extensive market assets in…
ENCANA EAGLE FORD Massive Value Creation 50,000 BOE/d expected through the 5-year plan Free cash flow generator Focus on continuing to increase returns by driving capital productivity and margins 12
SAN JUAN BASIN Evaluating Liquids Growth Potential 2017 operation highlights 6 well program 6,100 average completed lateral length Evaluation Program Target best rock Advanced completion design Well spacing trial Stacked pay…