Encana Corp., one of the pillars of the oil and gas industry in western Colorado's Piceance Basin, will "take a break" in the area in 2014.
“We’re not going to run any rigs in 2014,” Denver-based spokesman Doug Hock said Monday. “No wells will be drilled.”
Encana (NYSE: ECA), based in Calgary, Alberta, Canada, with a major regional office in Denver, is a major operator in the basin — centered on Garfield County — and has drilled in the area since 2002.
The company currently has about…
Encana Corp., one of the pillars of the oil and gas industry in western Colorado's Piceance Basin, will "take a break" in the area in 2014.
“We’re not going to run any rigs in 2014,” Denver-based spokesman Doug Hock said Monday. “No wells will be drilled.”
Encana (NYSE: ECA), based in Calgary, Alberta, Canada, with a major regional office in Denver, is a major operator in the basin — centered on Garfield County — and has drilled in the area since 2002.
The company currently has about…