Encana Corporation (ECA)

[Timothy Smith]

Eaglebine play has a lot of upside.

Encana Corporation - Has 115,000 net acres in the play, primarily in the oil window in Leon and Robertson Counties.

Encana is running one dedicated rig with a primary focus on the Lower Eaglebine tight oil shale play. Has disclosed results for three horizontal tests in the lower Eaglebine, with IP rates averaging at around 200 Boe/d.

2012 operating plan calls for a total of 12 net operated wells on the company's acreage. Encana is in the process of marketing a JV on its acreage.