Montney

BC Court Says Indigenous Rights Must Be Considered in Montney Shale Regulations

BC Court Says Indigenous Rights Must Be Considered in Montney Shale Regulations

A British Columbia (BC) trial court has directed the provincial government to build Indigenous rights into strengthened regulation of the Montney Shale region, but stopped short of handing out injunctions that would have halted natural gas supply development. After a six-year review of cumulative effects on the Blueberry River First Nations that included a 160-day…

July 2, 2021
Pembina Sees Green Shoots in Western Canadian Unconventionals as Commodity Prices Improve

Pembina Sees Green Shoots in Western Canadian Unconventionals as Commodity Prices Improve

Western Canada-focused Pembina Pipeline Corp. painted a rosy outlook in its first quarter earnings report for a Canadian industry-wide recovery amid improving commodity prices, with volumes from the Montney Shale and the Duvernay formation expected to grow. “Over the past few quarters, across both the pipelines and facilities divisions, we have seen steady increases in…

May 7, 2021
Ovintiv Moves to Streamline Costs, Debt by Focusing on Anadarko, Montney and Permian

Ovintiv Moves to Streamline Costs, Debt by Focusing on Anadarko, Montney and Permian

Denver-based Ovintiv Inc. streamlined the business during 1Q2021 to focus only on the Anadarko, Montney and Permian basins as it eyes slashing debt to appease restless investors. With long-held but neglected shale properties in Canada’s Duvernay and the South Texas Eagle Ford sold off, the independent has accelerated a $4.5 billion total debt target timeline…

May 3, 2021
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
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