EnCana Corporation has established a leading land and resource position in two of North America's most exciting new natural gas resource plays, the Horn River Shale in northeast British Columbia and the Haynesville Shale in Louisiana and Texas. EnCana has drilled a series of exploration wells that has shown strong potential to deliver commercial volumes of natural gas.

"Recent exploration wells drilled by EnCana, its partners and industry, indicate these two resource plays hold the potential to eventually become amongst the largest in North America. Each of these plays has been compared in size and scope to the prolific Barnett Shale in north central Texas, which currently produces more than 3 billion cubic feet per day and continues to grow. EnCana has assembled large land positions in each of these emerging plays - 220,000 net acres in the heart of the Horn River Shale play and 325,000 net acres in the Haynesville Shale play fairway. These are very meaningful positions, each with the potential to ultimately achieve production levels approaching 1 billion cubic feet per day net to EnCana, which is comparable in size to the potential we have announced in our more-established plays at Montney in northeast B.C. and Deep Bossier in East Texas," said Randy Eresman, EnCana's President & Chief Executive Officer.

"The EnCana team has had tremendous success in finding and unlocking the potential of some of the largest new unconventional natural gas plays in North America. Incorporating these plays into EnCana's already very strong portfolio has the potential to significantly accelerate EnCana's growth rate to an even higher sustainable level. At the same time, we expect that as these plays mature in their development, they will have a positive impact on our already very low natural gas supply cost, thus ensuring profitability under a wide range of future prices. I am extremely proud of the achievements of our teams," Eresman said.

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