Encana Duvernay drillingECA has got three 8 well pads being drilled now. They've experienced stronger and faster cost efficiencies than expected, cutting drilling times from 45 down to 25 days. Seeing 1300 boe/d 60-65% condi, remainder is gas.
ECA HZ KAYBOBS 4-12-63-21
PRODUCTION - DEV (CB - GETHING FM)
Well ID: 00/04-12-063-21W5/0
Fluid: GAS
Licensee: ENCANA CORPORATION
License Date: 11-Mar-2014
Spud Date: 17-Jul-2014
Projected Depth: 5,300.0 m
Field: KAYBOB SOUTH
Terminating Zone: DUVERNAY FM
This pad is directly south of AOS lands, as you can see on page 8 of the shareholder presentation, T63 R21.
ECA 102 HZ WAHIGAN 12-24-63-22
PRODUCTION - DEV (C)
Well ID: 02/12-24-063-22W5/0
Fluid: GAS
Licensee: ENCANA CORPORATION
License Date: 07-May-2014
Spud Date: 22-Jul-2014
Projected Depth: 5,390.0 m
Field: WASKAHIGAN
Terminating Zone: DUVERNAY FM
This one is just east, AOS has a block nearby, T63 R22. Any nearby drilling that helps de-risk this play and AOS lands is positive IMO.