The following is an excerpt from a recent EnCana press release.

Investor Day presentations include update on emerging liquids plays
Encana will be hosting an Investor Day event in New York tomorrow (June 21, 2012) where the company will provide an update on the status of its oil and liquids rich portfolio. Key highlights include:

Duvernay — Encana now holds approximately 400,000 net acres in this play. Three additional well tests continue to indicate encouraging results with 50 to 60 degree API gravity field condensate yields ranging from 120 to 200 barrels per million cubic feet (bbls/MMcf). Our most recent well which has been tied into permanent facilities (16-5) flowed at approximately 1,200 barrels per day of condensate and 3.5 million cubic feet per day of 1,295 BTU per standard cubic feet rich natural gas during its first two days on stream. Encana plans to drill a total of 10 wells in the play in 2012.

Tuscaloosa Marine Shale — Encana has established an industry leading land position in the Tuscaloosa Marine Shale totaling approximately 355,000 net acres. The two most recent wells (Anderson 17H-1 and 18H-1) have horizontal lateral lengths of about 7,400 feet and 8,800 feet and produced initial 30-day production rates of 930 and 1,080 barrels of 40 degree API gravity oil per day. Encana plans to drill a total of 12 wells in the play in 2012.

Eaglebine — Encana plans to drill a total of 12 wells in 2012 within its approximately 115,000 net acre position in the Eaglebine light oil play. The company has drilled four wells to date, with horizontal lengths ranging from 4,500 feet to 6,200 feet and initial 30-day production rates ranging from 165 to 230 barrels of oil per day.

Mississippian Lime — Encana's land position in this play now totals about 360,000 net acres. The company is planning to drill 15 wells in this light oil play during 2012.

Utica/Collingwood — Encana plans to drill an additional 5 horizontal wells on its approximately 430,000 net acre land position in this play, focusing on the liquids rich window.

San Juan — Encana plans to drill a total of 12 wells across its approximately 174,000 net acre position in the San Juan targeting the oil window of the Gallup formation. The initial well (Lybrook H36) was drilled with a lateral length of about 4,100 feet and yielded a 30-day initial production rate of about 440 barrels of oil per day.

DJ Niobrara — Encana plans to execute a two rig program in the Wattenberg field of the DJ basin. The company forecasts drilling 12 oil focused wells in this area in 2012 with a focus on optimizing lateral spacing, orientation and well length.

Clearwater Liquids — Encana has identified a significant inventory of prospective oil opportunities on about 4.6 million net acres of land in southern Alberta. Targeting numerous zones, the company will focus on the development of 300 high-graded locations and plans to drill 30 wells in 2012