EnCana reinforces emphasis on N. America resource plays

07/12/2004
EnCana Corp., Calgary, is placing strong emphasis on so-called basin-centered or nonconventional resource plays in North America.EnCana said, "The proportion of the company's North American production sourced from long-life, low-decline resource plays is expected to climb from 60 to 70% during 2004."The company in mid-June added $850 million to its 2004 capital spending, initially $3.7-4 billion, with $270 million of the increase earmarked for development on lands acquired from Tom Brown Inc., Denver, in the Green River, Wind River, and other Rocky Mountain basins.Most of the rest will go to North American core regions, "split about evenly between Canadian Plains, Canadian Foothills a...
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