On March 16, EnCana held their Investor Day in Calgary and released a detailed Haynesville presentation, which we have posted in the Haynesville Unconventional Update project. For their 2010 Haynesville development program they have forecasted 325 MMcfe/d year end production, up significantly from their 71 Mcfe/d YE 2009 production. EnCana will operate 20-25 rigs and drill 225 gross/109 net wells. They are estimating $9MM well costs and F&D costs of $1.70/Mcfe. The current EUR is set at 7.5 Bcfe/well.
Using Drillinginfo and HPDI production tools we can get a snapshot of their current activity and results. Below is a map of EnCana’s current Haynesville producers, colored by cumulative produced gas and bubbled maximum monthly production. It is interesting to note that more than half of their Haynesville leases have produced greater than a Bcf. (Click on the map to enlarge)
Here is a map of their 35 2010 LA permits colored by date issued and an HPDI generated production history.
More analysis is available in the Drillinginfo Haynesville Unconventional Update, free to all Drillinginfo subscribers.
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