Canadian giant pins hopes on Tuscaloosa Marine Shale

By Luke Johnson

 28 June 2012 22:59 GMT

CANADA’S Encana is looking at several tight-oil plays in the US to boost its liquids production as it actively seeks partners to help it develop its growing acreage, writes Luke Johnson.

In a presentation to investors last week, Encana highlighted the Tuscaloosa Marine Shale, in Louisiana and Mississippi, as one of the plays it hopes to exploit in order to grow its liquids production this year.

The company said it had boosted its position in the Tuscaloosa Marine to 335,000 acres, bolstering its standing as the largest player there. It is also the most active, and has drilled the two best wells in the play to-date. Its best so far, the Anderson 18H-1, produced at a 30-day rate of 1072 barrels of oil…

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