The southern gale of shale production propelled by horizontal drilling and hydraulic fracturing has blown rich deposits on Canada’s northern frontier off the North American natural gas market, according to the National Energy Board (NEB).
Liard
Articles from Liard
Canada’s Liard Basin Holds Enviable NatGas Supply, Says New Assessment
Canada’s natural gas inventory has grown by 219 Tcf, based on the first official forecast of shale supplies that horizontal drilling and hydraulic fracturing would make available in the northern Liard Basin of British Columbia (BC).
Apache Selling Canadian Gas-Rich Properties
Apache Corp., which has dedicated itself to pare debt and concentrate on its most profitable enterprises, is selling some dry natural gas-rich assets in Canada for $112 million.
Montney Shale Operator Encouraged by Peace River Tests
A recent one-day retest of an Upper Montney Shale well in northeast British Columbia flowed at a rate of 8.9 MMcf/d, which further confirms a “large in-gas resource” at the Peach River Arch area, junior explorer Canada Energy Partners Inc. (CEP) said Monday.
Berkley Opens Data Rooms, Hunt Extends Offer’s Time Period
Hunt Oil Co.’s unsolicited bid to purchase all of the issued andoutstanding shares of Berkley Petroleum Corp. for C$10 per sharewas received as expected by Berkley shareholders, with theDallas-based company extending an olive branch by saying it wouldlengthen the time period for its offer to be reviewed.