Listen to Encana's management team discussing the company's Q1 2013 results in a live webcast and see the quarterly results documents.
Our East Texas operating area is part of our Texas key resource play. Nearly 110 years after its initial hydrocarbon discovery, the fertile East Texas Basin still remains active. The Upper Jurassic Cotton Valley sands and the Bossier Sand Trend remain two of the strongest plays in this widespread territory. East Texas has similar characteristics to our other resource plays in the U.S. Rockies and in Canada. It is a tight gas, multi-zone play that requires careful application of technology to unlock the gas.
Our Texas resource play includes 244,000 net acres and 494 net producing wells.
In the East Texas Basin, we employ and contract a team of approximately 80 people, who operate from field offices located in the towns of Fairfield, Ridge (Franklin) and Pollok, Texas.
We have provided surplus pipe a second life in two communities. At the Still Creek Ranch for Children outside of Bryan, over 5,000 feet of tubing will be used for the construction of horse stalls and fencing around the livestock yards. In San Augustine County, Broaddus High School will be using the pipe to teach students proper welding procedures.
We are putting our refurbished company desktop and laptop computers to good use by donating them to non-profit organizations in need, such as the Boys & Girls Club of Robertson County and the Marquez Community Library in Leon County.
Encana is partnering with the City of Franklin to refurbish one of the community's most beloved public parks. Funding from Encana will allow the park to install plastic cross ties near the slides, as well as rubber mulch pellets to make the facility even safer for children. Once all supplies have been received, we are planning to participate in the park renovations as a way to further assist the city.
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Encana office in Franklin, TX