Encana Corp. announces third quarter results including plans to add 100 new locations to its Eagle Ford portfolio.
Encana CEO, Douglas James Suttles shared with investors last week that the third quarter for 2016 delivered very strong financial results, including exceptional operational performance and continued capital and operating efficiencies.
Eagle Ford Operations
Encana announced that in the Eagle Ford, the company is currently executing a new completion design that is substantially increasing productivity.
Other highlights for Q3 include:
- Three new Lower Eagle Ford wells came on during the quarter using the new design with a 125% increase in productivity
- Completed two Austin Chalk wells that delivered initial 30-day production rates of about 2,000 BOE/d and 3,100 BOE/d with oil comprising about 80 percent