May 01, 2008 · EnCana entered the Piceance basin in 2001 and now holds over 0.66m net undeveloped acres, mostly in the Williams Fork section of the Mesa Verde formation in the southwest of the basin. The 3,000 foot-thick gas accumulations of the Williams Fork are believed to contain 90-95% of the Piceance basin's reserves. Piceance Basin an attractive area for investment in long-life natural gas reserves. In this analysis, we will explore three critical competitive advantages of the Piceance Basin: proved reserves, potential reserves, and midstream infrastructure (natural gas processing and pipeline export capacity).
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