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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost $1.35 to $44.48 on the New York Merc, while Brent for November lost $1.33 to $47.75 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.75 to WTI ($30.73), up from a discount of $14.25. Natural gas for October lost 0.8 cent to $2.569. The TSX energy index lost 3.82 points to close at 166.43.

EnCana Corp. (ECA) lost 39 cents to $8.81 on 4.28 million shares, on top of the 33 cents it lost yesterday, as it continues to battle a blowout at a gas well in its Fox Creek Duvernay play in Alberta. The problem began on Monday, according to a press release that night from the Alberta Energy Regulator (AER), when a natural gas well began leaking natural gas and condensate. The AER does not always make media statements about energy incidents, but this one was significant because of its size and the presence of dangerous hydrogen sulphide gas (HS2). The initial AER press release said the HS2 was being monitored and there were no reported effects on the public, waterways or wildlife. An update yesterday, in the Edmonton Journal, quoted spokesmen from EnCana and the AER as saying that the HS2 levels remain well below the threshold that would threaten human health and no HS2 has been recorded outside EnCana's site. The cause of the blowout is still being investigated. As of this writing, the AER's website lists the status of the incident as "ongoing."

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