Encana CEO: Third Quarter Was ‘Anything But Boring’

The company reported production gains, including in the Anadarko and Permian basins, higher net income, a name change and corporate domicile in the U.S.

Velda

Addison

Hart Energy

Thu, 10/31/2019 - 12:43 PM

(Source: Charles Thompson II/Shutterstock.com)

(Source: Charles Thompson II/Shutterstock.com)

High-intensity completions are contributing to higher oil production in the Anadarko Basin, where Encana Corp.’s cube development model is bringing down well costs and improving cycle times, executives said Oct. 31.

The company said third-quarter 2019 production in the Anadarko Basin, home of the Scoop/Stack plays, increased to an average 162,000 barrels of oil equivalent per day (boe/d). Further, Stack pacesetter well costs dropped to less than $6 million and cycle times fell to 90 days.

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In this article

Chart reflects yearly performance.

Velda Addison

Velda Addison is the group senior editor for Hart Energy’s editorial team. She covers exploration and production.

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