Montney Shale

Responsibly Sourced Gas Trade Expanding in Canada with Macquarie, Energir Deal

Responsibly Sourced Gas Trade Expanding in Canada with Macquarie, Energir Deal

Macquarie Energy Canada Ltd., using a virtual market, is expanding the ethically produced natural gas trade, aka responsibly sourced gas (RSG), with the sale of British Columbia (BC) production to Montreal-based distribution company Energir. The Macquarie unit used a virtual market created by Xpansiv CBL Holding Group (XCHG), trademarked as the Xpansiv Digital Fuels Registry,…

September 1, 2021
Topaz Boosts Montney Stakes with Tourmaline Royalty Deal

Topaz Boosts Montney Stakes with Tourmaline Royalty Deal

Lured by liquids-rich natural gas and growth prospects, Topaz Energy Corp. has snagged a share in Tourmaline Oil Corp.’s production from the Montney Shale in northeastern British Columbia (BC) for C$145 million ($116 million). The deal announced Thursday gives Topaz 4% royalty interests in gas and 2.5% in liquids tapped by larger player Tourmaline Oil…

July 16, 2021
Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG

Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG

Tourmaline Oil Corp. is beefing up its North Montney Shale holdings with the C$1.1 billion ($900 million) purchase of privately held Black Swan Energy Ltd., a deal that could position supplies for the Canadian liquefied natural gas (LNG) market.  Tourmaline said Friday the purchase was an “important component” of its ongoing consolidation strategy in the…

June 11, 2021
Petronas Boosts North Montney Footprint, Sells First Asian LNG Spot Cargo Linked to AECO

Petronas Boosts North Montney Footprint, Sells First Asian LNG Spot Cargo Linked to AECO

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has increased its ownership of Montney shale production destined for liquefied natural gas (LNG) exports from British Columbia (BC) and added a Canadian price benchmark to its international marketing. Japan Petroleum Exploration Co. Ltd. (Japex) announced that it would sell its 10% share in a BC supply partnership…

May 14, 2021
Arc Resources, 7G Combination to Create Montney Natural Gas, Condensate Giant

Arc Resources, 7G Combination to Create Montney Natural Gas, Condensate Giant

Canada’s Arc Resources Ltd. and Seven Generations Energy Ltd. (7G) agreed to merge on Wednesday, a combination that would create one of the top natural gas operators in the country, with output centered in the Montney Shale. Combined production this year is estimated at 340,000 boe/d-plus, including 1.2 Bcf/d of gas and 138,000 b/d of…

February 11, 2021
Ovintiv to ‘Carefully Review’ Investor’s Board Nominees

Ovintiv to ‘Carefully Review’ Investor’s Board Nominees

Private investor Kimmeridge Energy Management Co., which owns a 2.5% stake in Ovintiv Inc., has nominated three people to stand for board election as Kimmeridge looks to upend oversight of the Denver-based independent. Earlier this month Kimmeridge warned Ovintiv that the exploration and production (E&P) company needed to improve performance or face a reckoning.  “Given…

January 28, 2021