and NGLs and other related activities within the U.S. Resource plays include Piceance in northwest Colorado, Jonah in southwest Wyoming, Haynesville in Louisiana, and Texas. Emerging plays include the DJ Niobrara in northern Colorado, the San Juan Basin in New Mexico and the Tuscaloosa Marine Shale in Louisiana and Mississippi. As of December 31, 2013, the USA Division had an established land position of approximately 3.1 million gross acres (2.6 million net acres) including approximately 2.4 million gross undeveloped acres (2.1 million net acres). Piceance: Piceance is a resource play located in northwest Colorado. As of December 31, 2013, the company controlled approximately 592,000 gross undeveloped acres (545,000 net acres). Jonah: Jonah is a resource play located in the Green River Basin in southwest Wyoming. As of December 31, 2013, the company controlled approximately 115,000 gross undeveloped acres (103,000 net acres). In 2013, the company drilled approximately 88 gross wells (49 net wells), all of which were drilled primarily using third party funds. Haynesville: The Haynesville shale is a resource play located in Louisiana. In 2013, the company drilled approximately 19 net wells in the area. As of December 31, 2013, the company controlled approximately 97,000 gross undeveloped acres (66,000 net acres), with the majority of the leaseholds in north Louisiana being located in the DeSoto and Red River parishes. Texas: Texas is a resource play with operations primarily located in east Texas. The focus is on tight gas with multi-zone targets in the Bossier and Cotton Valley zones, as well as shale gas in the Haynesville and Mid-Bossier horizons. In 2013, the company drilled approximately one net well. As of December 31, 2013, the company controlled approximately 93,000 gross undeveloped acres (54,000 net acres). DJ Niobrara: The DJ Niobrara is an emerging liquids play located in the DJ Basin in northern Colorado. The primary formation targets in the basin are the Codell, J-Sand and the Niobrara. As of December 31, 2013, the company controlled approximately 8,800 gross undeveloped acres (8,400 net acres). San Juan: San Juan is an emerging oil play located in the San Juan Basin in New Mexico. The primary formation targets in the basin are the Gallup and Mancos silt. As of December 31, 2013, the company controlled approximately 322,000 gross undeveloped acres (181,000 net acres). Tuscaloosa Marine Shale: The Tuscaloosa Marine Shale is an emerging oil play located in Louisiana and Mississippi. As of December 31, 2013, the company controlled approximately 317,000 gross undeveloped acres (302,000 net acres). Other Activities: The company has established a land position in the Eaglebine oil play located in the east Texas Basin. As of December 31, 2013, the company controlled approximately 59,000 gross undeveloped acres (57,000 net acres). As of December 31, 2013, the company controlled approximately 387,000 gross undeveloped acres (387,000 net acres). Market Optimization Market Optimization activities are managed by the company’s Midstream, Marketing and Fundamentals team, which is responsible for the sale of the company’s proprietary production and enhancing the associated netback price. Market Optimization activities include third party purchases and sales of product to provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. The company’s produced natural gas is primarily marketed to local distribution companies, industrials, other producers and energy marketing companies. The company sells its oil, NGLs and condensate to markets in Canada and the U.S. Sales are normally executed under spot, monthly evergreen and term contracts with delivery to major pipeline/sales hubs at market prices. In addition, the company holds interests in two power assets, the Cavalier and Balzac Power Stations in Alberta. History Encana Corporation was founded in 1971.
encana corp (PCD1:Frankfurt)
500 Centre Street SE
Calgary, AB T2G 1A6
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