Thursday, June 21, 2012

Oh, How Things Have Changed...

Today is Encana's Investor Day.  In the USA Division presentation, which used to feature lots of red meat about the Haynesville Shale, the talk now is the Tuscaloosa Marine Shale and other "liquidy" plays.  Oh, how things have changed:  Every day, the spotlight shifts a little farther away from the Haynesville Play. Makes me sad, but it's the harsh reality given natural gas prices. I don't think it will be the case forever, but I think the days of 150+ rigs running simultaneously in the play is long gone.

If you are interested in the TMS, here are a few slides (entire presentation here):


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