EnCana - Permian Basin Development

[dan_s]

EnCana is a former Sweet 16 company that is on my very long To Do List for taking a fresh look.

Encana (ticker: ECA) released an update to its Permian operations today, outlining the company’s current practices in the world’s most popular shale play.

Instead of drilling a few wells in a given section then returning later to infill drill, Encana is “developing the cube.” This is how the company refers to drilling as many wells as possible at one time. This typically involves large multi-well pads drilled using several rigs at the same time and completed with multiple frac spreads simultaneously.

Read this: http://www.oilandgas360.com/encana-atta ... ping-cube/