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Encana Corporation
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Q1 2015 Results
| Doug Suttles | Page 18 of 11 |
November 21, 2024
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"Q1 2015 Results"
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0 5,000 10,000 15,000 20,000 25,000 0 10 20 30 40 50 60 70 D e p t h ( f t ) 2012 2013 2014 2015 Q1 30.5 24.3 17.3 12.0 4.2 3.4 2.4 1.7 0 1 2 3 4 5 6 7 0 10 20 30 40 2012 2013 2014 1Q15 D&C D&C/1,000' Duvernay Q1 2015 Update : Operational Excellence • Improved by 50% Normalized to 7,200 ft. lateral length • Optimization of drill bit and well design • 2 simultaneous fracspreads per pad • Cluster spacing and proppantloading • Water delivery and disposal infrastructure • Scalable plant development • ~12% service cost reduction 0 20 40 60 80 100 0 500 1000 1500 2000 2500 18 2 y r C u m u l a t i v e P r o d ( M B O E / 1 0 0 0 ’ ) Proppant (lbs/ft) Average Spud to RR Days vs Depth Higher Proppant Yielding Higher Well Productivity ~30% Reduction in Drilling & Completions Cost per 1,000 ft Cost & Efficiency Initiatives Pacesetter $11.2MM ($1.5MM/1000’) Move to RPH in 2014 made for major step change in execution Current design ranges between 1,500 and 2,000 lbs/ft $ M M $ M M / 1 , 0 0 0 ’ Days