Montney

Canadian E&P Merger to Create Montney Shale Natural Gas, Condensate Goliath

Canadian E&P Merger to Create Montney Shale Natural Gas, Condensate Goliath

Canada’s Arc Resources Ltd. and Seven Generations Energy Ltd. (7G) have agreed to merge, 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 condensate.…

February 19, 2021
LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak

LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak

Construction schedules are under review in British Columbia (BC) for its entry into the global natural gas export market as a result of labor force limits that provincial public health authorities adopted to counter the impacts from the pandemic. “Long-term impacts to the overall schedule continue to be assessed,” said TC Energy Corp. Vice President…

January 14, 2021
Seismic Monitoring Readied This Winter in Montney Shale Hot Spot

Seismic Monitoring Readied This Winter in Montney Shale Hot Spot

The Montney Shale will be scrutinized to explore the links between earthquakes and hydraulic fracturing during this winter’s natural gas drilling season in northeastern British Columbia (BC). A 14-square-mile grid of 36 seismic tremor detectors will trace geological effects of the horizontal well completion method at a drilling hot spot known as Tower Lake, southeast…

December 10, 2020
Montney on Track to Become Leading Canadian Natural Gas Play

Montney on Track to Become Leading Canadian Natural Gas Play

Rich Montney Shale resources will let British Columbia (BC) take over from Alberta as the top Canadian natural gas producer jurisdiction within 20 years, according to two separate supply projections. Alberta falls behind BC in the latest national outlook by the Canada Energy Regulator (CER), Canada’s Energy Future 2020. The gas lead changes in both…

December 4, 2020
Ovintiv Sees Options for Natural Gas-Rich Montney, If Prices Cooperate

Ovintiv Sees Options for Natural Gas-Rich Montney, If Prices Cooperate

Ovintiv Inc.’s multi-basin portfolio across North America primarily is focused on crude and condensate, but with around 1.5 Bcf/d of natural gas output, there are lots of options available depending on the direction of commodity prices, CEO Doug Suttles said last week. Speaking with his management team during a third quarter conference call, Suttles said…

November 2, 2020
Montney Producer Painted Pony Cites Lower Natural Gas Prices in $346M Friendly Takeover by Canadian Natural

Montney Producer Painted Pony Cites Lower Natural Gas Prices in $346M Friendly Takeover by Canadian Natural

Canadian Natural Resources Ltd. (CNRL), the nation’s top fossil fuel producer, scooped up 434 square miles of the liquids-rich Montney Shale gas formation in northern British Columbia (BC) with a friendly takeover of Painted Pony Energy Ltd. Painted Pony management recommended stockholder acceptance of CNRL’s cash offer of C$0.69/share ($0.52), or C$111 million ($83.3 million)…

August 10, 2020
Precision Drilling Improves Bottom Line, but Pandemic Clouds Outlook

Precision Drilling Improves Bottom Line, but Pandemic Clouds Outlook

Global drilling behemoth Precision Drilling Corp. cut costs by double-digits and improved efficiencies across its operations during the second quarter, but there’s paltry visibility as uncertainties surrounding the impacts of Covid-19 remain a concern, management said. Even though revenue plunged by nearly half from a year ago to $47 million, the multi-talented operator is poised…

July 24, 2020
ConocoPhillips Doubles Natural Gas-Rich Montney Shale Portfolio in $375M Deal with Kelt

ConocoPhillips Doubles Natural Gas-Rich Montney Shale Portfolio in $375M Deal with Kelt

ConocoPhillips is nearly doubling its leasehold and adding substantial production in Western Canada’s natural gas-rich Montney Shale following a $375 million bolt-on purchase from Calgary-based Kelt Exploration Ltd. The transaction in northeastern British Columbia (BC) announced Wednesday would add 140,000 net acres and an estimated 15,000 boe/d of output in a liquids-rich zone known as…

July 23, 2020
Alberta Seeks New Petrochemical Plants to Work Montney, Duvernay Natural Gas Production

Alberta Seeks New Petrochemical Plants to Work Montney, Duvernay Natural Gas Production

The Alberta government posted a reward Thursday for petrochemical manufacturers to build new plants that draw their raw materials from natural gas produced in the province. Natural Gas Minister Dale Nally announced a 10-year grant fund titled the Alberta Petrochemicals Incentive Program. The dollar value and eligibility rules were left open to negotiation, with further…

July 10, 2020
TC Energy Preparing Construction Start for Coastal GasLink Pipeline

TC Energy Preparing Construction Start for Coastal GasLink Pipeline

After surviving protests and the Covid-19 pandemic, Coastal GasLink (CGL) plans to start  laying pipe for the only liquefied natural gas (LNG) export project underway on the northern Pacific coast of British Columbia (BC). CGL said construction employment would roughly triple to peak at more than 2,500 in September as work accelerates along the 416-mile…

June 23, 2020
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