Encana (ECA) reported the results of five recent wells drilled into the Niobrara Shale:
The Williams 3A-18H well was drilled with a lateral length of 4,323 feet and completed with 19 hydraulic fracturing stages. The Williams 3A-18H well produced an average of 539 barrels of oil equivalent (BOE) per day during a 30 day period.
The William Peltier 1A-20H well was drilled with a lateral length of 4,450 feet and completed with 17 hydraulic fracturing stages. The William Peltier 1A-20H well produced an average of 834 BOE per day during a 30 day period.
The Frederiksen 1A-28H well was drilled with a lateral length of 4,145 feet and completed with 17 hydraulic fracturing stages. The Frederiksen 1A-28H well produced an average of 732 BOE per day during a 30 day period.
The McConahay 1A-34H well was drilled with a lateral length of 4,142 feet and completed with 16 hydraulic fracturing stages. The McConahay 1A-34H well produced an average of 907 BOE per day during a 30 day period.
The Herren 1A-33H well was drilled with a lateral length of 4,205 feet and completed with 17 hydraulic fracturing stages. The Herren 1A-33H well produced an average of 595 BOE per day during a 30 day period.
SSN Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
