Encana to "Slow" Development of TMS in 2015
With the price of oil now in the mid $50 range, it isn't surprising that EnCana management has decided to "slow" the development of the TMS.
Plans call for 3 "net" wells to be drilled in 2015 according to information released earlier today in preparation for a webcast set for 8 a.m. central time.
EnCana will focus efforts on more proven plays.
I believe this to mean that in addition to the 3 wells currently being drilled, there will be 2 more spud in January on the Stewart/Bergold site east of Gillsburg. I'm also guessing that only the 2 Stewart wells will be drilled, but we shall see.
Below are the two slides related to the TMS and here is a link to the webcast:
http://www.encana.com/investors/presentations-events/
