Listen to Encana's management team discussing the company's Q4 & year-end 2013 results in a live webcast and see the quarterly results documents.
Jonah is a resource play located in southwest Wyoming. Production is from the Lance formation, which contains vertically stacked sands that exist at depths between 8,500 and 13,000 feet.
At December 31, 2012, Encana controlled approximately 118,000 gross undeveloped acres (105,000 net acres).
Historically, Encana’s operations have been conducted in the over-pressured core portion of the field. Within the over-pressured area, Encana plans to drill the field to 10 acre spacing with higher densities in some areas. Outside of the over-pressured area, Encana owns approximately 116,000 gross undeveloped acres (104,000 net acres), where 40 acre and possibly 20 acre drilling potential exists.
In March 2012, Encana entered into a joint venture agreement with Exaro, under which Exaro has agreed to invest approximately US$380 million over the next five years to earn a 32.5 percent working interest in certain sections of the Jonah field. In addition, Encana has existing joint venture arrangements to develop portions of Jonah. In 2012, Encana drilled approximately 41 net wells, of which 31 were drilled primarily using third party funds.
Over the next five years, Encana expects to drill approximately 121 net wells primarily using third party funds under existing arrangements.
|Natural Gas (MMcf/d)||Oil & NGLs (Mbbls/d)|
Prior to 2012 production was reported as MMcfe/d which included production for both natural gas as well as oil and natural gas liquids.