Canadian Coalbed

Canadian Coalbed Exclusives

Canada, oil, gas, upstream, midstream S&S, PricewaterhouseCoopers Compete Survive or Prosper, report

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...