Natural gas reserves and production grew in British Columbia last year as drilling improved in the northern Montney Shale, according to the BC Energy Regulator (BCER).

Booked reserves gained 18% to 83.17 Tcf in 2022, even as the BC well count dropped by 20% to 374, from 467 in 2021. Production rose by 12% to 6.9 Bcf/d.

The Montney led the production growth, accounting for all but one of the BC wells with 6.1 Bcf/d or 89.2% of production. The Montney accounted for 81.48 Tcf or 98% of reserves.

[Download Now: In our 2024 Natural Gas Outlook Report ‘Future In Focus’, Natural Gas Intelligence’s experienced team of Thought Leaders delve into the myriad opportunities and questions the industry faces, with a focus on market dynamics, upstream outlooks and price forecast trends...