A rich Alberta shale formation — the Duvernay, which is renowned for high concentrations of premium liquids — has been designated as a regulatory proving ground for a new fracking regime of accelerated drilling licenses, environmental permits and public consultation.
Duvernay
Articles from Duvernay
First Duvernay Results Encouraging, Says Chevron Executive
Chevron Corp.’s vice chairman on Friday said there are “encouraging” results from initial exploration activity at the Kaybob prospect in the Duvernay Shale in west-central Alberta.
Apache Downsizes in Western Alberta
Apache Corp. on Thursday agreed to sell half a million net acres of natural gas- and oil-rich properties in Western Alberta to a privately held Canada producer for $214 million.
Chevron Grows Duvernay Shale Acreage Position
Chevron Corp. unit Chevron Canada Ltd. has agreed to acquire all interests from Alta Energy Luxembourg S.a.r.l. and affiliates in the Duvernay Shale formation in west-central Alberta. The acquired interests cover 67,900 net acres.
Encana Bets Big On Tuscaloosa Marine Shale
Encana Corp. has about 50 billion bbl of oil in place in its five largest liquids plays, according to Eric Marsh, executive vice president. Earlier this month at Barclays CEO Energy/Power Conference, the Tuscaloosa Marine Shale (TMS) was at the top of his list.
Encana Secures Financial Backing for Alberta CBM Play
Encana Corp. said Friday it has secured a well-heeled unit of Toyota Tsusho Corp. to partner in its languishing Alberta coalbed methane (CBM) gas fields in the Horseshoe Canyon Fairway, agreeing to sell close to a one-third stake in the resource play, including natural gas production from 5,500 existing wells.
Industry Brief
Shell Canada Ltd. completed its acquisition of Canadian-based Duvernay Oil Corp., which gives the Royal Dutch Shell plc subsidiary half a million net acres in the Western Canadian Sedimentary Basin (WCSB). Shell announced the C$5.9 billion cash transaction in July (see Daily GPI, July 15). Shell gained around 1,800 square kilometers (450,000 acres) in the WCSB from the deal, including acreage in the emerging Montney tight gas trend in northeastern British Columbia BC). Two large gas projects are located in BC-based Sunset-Groundbirch, and in a deeper, western portion of the WCSB. The transaction also gives Shell some natural gas processing and delivery infrastructure in the WCSB. Prior to the purchase, Shell’s North American assets were producing about 80,000 boe/d of tight gas in the Pinedale Anticline of Wyoming, in South Texas and the WCSB. Shell also has acreage in the Haynesville Shale of Louisiana.