Encana Oil & Gas (USA) Inc. — the Denver-based U.S. unit of Canada's Encana Corp. — will move forward with drilling for oil in New Mexico's San Juan Basin, which could be among the nation's newest oil plays.
The San Juan oil play in New Mexico has similarities to Colorado's Niobrara oil play in that new horizontal drilling and hydraulic fracturing (fracking) techniques are producing oil from an area that's been well known historically for its natural gas production.
“We’re on the leading…
Encana Oil & Gas (USA) Inc. — the Denver-based U.S. unit of Canada's Encana Corp. — will move forward with drilling for oil in New Mexico's San Juan Basin, which could be among the nation's newest oil plays.
The San Juan oil play in New Mexico has similarities to Colorado's Niobrara oil play in that new horizontal drilling and hydraulic fracturing (fracking) techniques are producing oil from an area that's been well known historically for its natural gas production.
“We’re on the leading…