Duvernay Shale Auditioning to Be Next Unconventional Star

Duvernay Shale Auditioning to Be Next Unconventional Star

Canada’s Duvernay Shale has the potential to become one of the “most attractive liquids-rich plays” in North America, according to Wood Mackenzie analysts, who point to ExxonMobil Corp.’s decision this month to pay $3.1 billion for one of the play’s biggest developers as affirmation.

October 25, 2012

Encana to Cut Spending in Dry Gas Plays

Encana Corp. is hunkering down with a reduced spending plan for 2012 in dry natural gas plays and shifting more investments to liquids and oil-prone unconventionals in North America, CEO Randy Eresman said Wednesday.

September 12, 2011

Devon’s North American Expansion Takes Long View on Prices

Devon Energy Corp. has a long “to-do” list of exploration activities planned in North America this year — in the deepwater Gulf of Mexico, onshore in its core U.S. holdings and in emerging Canadian oilsands projects. The plans take into account rising service and labor costs, but “we’d have to see a fairly large reduction in prices” before pulling back on any planned exploration, President John Richels said. “We’re taking the longer-term view, and we’re very confident that we’ll see higher prices this year on the gas and oil side.”

February 8, 2007