Encana continues focus on liquids-rich plays

That’s a shift from funding 30 different plays. 

Those assets will make up around 25 per cent of the company’s total 2014 production. 

In the Montney, there are plans to accelerate the Gordondale, Pipestone and Tower areas with an investment of $800 to $900 million next year, in addition to its Cutbank Ridge Partnership with Mitsubishi. 

In the Duvernay, $250 to $300 million should be invested in a six to eight drilling rig program, in addition to its joint venture agreement with PetroChina. 

In total Encana expects its liquids production to increase by 30 per cent, which it says will offset a “small decline” in expected gas production. Encana expects its capital program to be between $2.4 and $2.5 billion for 2014.

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About Erica Fisher 4010 Articles

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.