Following a positive second quarter Encana delivered their seventh consecutive quarterly increase of liquid volumes after beginning a strategy to increase high margin production. Overall liquids production was at approximately 127,300 barrels per day, a year over year increase of 87 per cent.
In a release Encana president Doug Suttles said, “Following our successful portfolio transformation in 2014, we continue to lower costs, improve well performance and increase well inventory in our four most strategic assets. We exited the second quarter with significant operational momentum and we expect to accelerate liquids growth through the second half of the year.”
Other highlights from the past quarter include significant expansion of liquids inventory in the Montney, with higher condensate yields in Dawson South and two recent Pipestone area wells each producing over 1,000 bbls/d.