Encana said the last five wells completed have initial 30-day production rates of 150 to 700 barrels of oil equivalent per day, producing 80 percent oil, according to the Daily News.
Encana expects to spend about $100 million in the basin in 2013, about the same as last year.
San Juan basin was mainly a gas area for years when I lived there. On my last trip in 2009 I noticed lots of oil pumps working.
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