Encana To Focus On San Juan Basin In 2014

A big "thank you" to a reader alerting me to this update.

Daily Times/Four Corners Business is reporting:

Encana Corporation announced earlier this month a new company strategy and vision, with much of that strategy being focused on the San Juan Basin where it plans to invest hundreds of millions of dollars in new oil and gas production beginning in 2014.

The announcement has prompted a flurry of speculation among those in the local oil and gas industry that the increased drilling will begin immediately after the first of the year.
In a Nov. 5 news release, the Calgary-based Encana outlined key points of its strategy, the first of which states that it will "focus its capital investment on five oil and liquids-rich resource plays in North America."

The release goes on to state that Encana will "invest approximately 75 percent of its 2014 capital into five high return oil and liquids-rich plays: the Montney, Duvernay, DJ Basin, San Juan Basin and Tuscaloosa Marine Shale."

Two years ago I had not heard of half these oil plays; now I have them all linked on the sidebar at the right.