Encana's Haynesville Assets Sale Not Seen as Indicting Shale Gas

摘要

Encana's decision to sell its natural gas assets in the Haynesville Shale for $850 million does not signal that big producers are turning away from US gas for the long haul, according to a prominent industry analyst. The Haynesville "was the cat's meow early on, especially when gas was $4 to $6 [per thousand cubic feet]," said Bill Marko, Jefferies' managing director of energy investment. With gas now seemingly stuck under $3 the luster has worn off, but the Louisiana play remains "a high-quality, really solid shale. That's why you saw the interest in Encana's assets there."