- Tight Gas & Oil
- Gas Hydrates
The industry ‘is learning to navigate through a new reality,’ says a Pricewaterhouse Coopers analyst in a report covering Canadian upstream, midstream and field service sectors.
The earth is rich in unconventional resources, and these new-generation plays in Canada are drawing attention.
The Montney shale is in the east-central part of British Columbia where companies are stimulating horizontal wells, perforating and fracturing 6-11 zones which cost approximately $100,000-$120,000 per frac interval. It can cost more than $1 million for fracturing each well according to a recent Tristone Capital Inc. study. The study expects estimated ultimate gas recovery to increase to 7 bcf/well from 5 Bcf/well a technology develops. The report also says drilling should increase production to 1 bcfd by end of 2009 from 600 MMscfd in early 2008.EnCana is the most...