Encana set to develop 4,000 new gas wells on ‘Big Jimmy’
The Denver Post
DENVER – Exchanging cash for natural gas, steelmaker Nucor Corp. has agreed to help finance the development of gas wells by Encana Corp., the companies said Thursday.
Encana will use Nucor’s support to develop a 50,000-acre oil and gas lease on federal land, called the “Big Jimmy,” in Rio Blanco and Garfield counties.
The agreement will enable Encana to drill up to 4,000 new wells over the next 20 years – doubling the company’s well count in Colorado, said company spokesman Doug Hock.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
Over 75,000 hikers visited Hanging Lake during this year’s peak season. Via signage, the city hopes to point more of those hikers also in the direction of downtown Glenwood Springs.