EnCana’s $7.7 billion acquisition of Newfield Exploration has gained shareholder
approval and is about to close, creating what it says will be “North America’s premier resource
company.” Newfield’s portfolio of assets will benefit from Encana’s expertise in large-scale
“Cube” development, which consists of tapping an entire subsurface 3D
cube with a dozen or
more wellbores simultaneously. The benefits
include faster drill times, more efficient use
of resources, minimized surface footprint, optimized resource recovery, minimized interwellbore communication and minimized downtime on existing......
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