A quest to revive growth in Canadian natural gas supplies by tapping the nation’s vast coal seams has spread to the Atlantic region, where a Calgary-based specialist reports initial technical success with methane drilling.
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Husky Extends CBM Exploration Joint Venture with Trident
Calgary-based Husky Energy Inc., one of Canada’s largest integrated producers, better known for a portfolio of heavy oil prospects, on Tuesday announced a two-year extension of a farm-out and joint venture agreement with privately held Trident Exploration Corp. to develop natural gas from coal (NGC) and coalbed methane (CBM) in central Alberta. The agreement calls for another 120 wells to be drilled over the next two years in the Fenn Rumsey area.
July 28, 2004