EnCana continues to see improved operational performance and strong initial production rates from its Haynesville shale gas play. To date, EnCana has drilled 25 gross horizontal wells in the play. EnCana has increased fracture stimulations in each horizontal well from eight to as many as 14. This efficiency initiative has helped increase initial production rates and reduce well costs by about 35 percent from prior wells to an estimated $9 million per well. The strongest well performance continues to be in the northern portion of the company’s Red River Parish leases where EnCana has a joint venture with Shell. EnCana exited the second quarter with gross production from North Louisiana of about 100 MMcf/d. EnCana is currently operating 10 rigs in the Haynesville Shale, up from five at the start of 2009, and is participating in another four rigs operated by Shell.

http://finance.yahoo.com/news/EnCana-generates-second-bw-1307016745...

Enjoy!
Earlene