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Resource Plays

Resource play is the term used by EnCana to describe an accumulation of hydrocarbons known to exist over a large areal expanse and/or thick vertical section, which when compared to a conventional play, typically has a lower geological and/or commercial development risk and lower average decline rate.

Once identified, resource plays have the potential to make a material impact because of their size and low, steady-state decline rates. The application of appropriate technology and program execution are the keys to unlocking value from resource plays. Resource play developments occur over long periods of time, well by well, in large scale developments that repeat common tasks in an assembly-line fashion and capture economies of scale to drive down costs. Unlike most conventional exploration and development, resource plays are relatively predictable in timing, costs, production rates and reserve additions and can provide steady long-term reserves and production growth. Furthermore, unit development and operating costs usually decrease with time.

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