EnCana fattens proven reserves by 12 percentBoost includes 1.7 trillion cubic feet of North American gas additions; reverses wave of Canadian write-downs; results stem partly from 2002 reduction Gary Park Petroleum News Calgary Correspondent
EnCana has put a stop to a parade of bad news from Canadian E&P companies which have reported vanishing reserves over the last two weeks.
The giant independent reported a 12 percent hike in proven reserves, mainly the result of an aggressive drilling program of 5,600 wells in 2003.
The net gain bo....
[additional news subjects in this story]
EnCana trimmed reserves in 2002 New fields won’t be added until under development
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