Canada sees 78 tcf marketable in Horn River basin

By OGJ editors
HOUSTON, May 11
– The ultimate potential for marketable unconventional shale gas in the Horn River basin of Northeast British Columbia is 78 tcf, said a report by Canada’s National Energy Board and the BC Ministry of Energy and Mines.

The volume consists of 3 tcf of discovered resources and 75 tcf of undiscovered resources. The report is the first publicly released probability-based resource assessment of a Canadian shale basin. Horn River is part of the Western Canada Sedimentary basin.

The 78 tcf volume is more than double a previous assessment of gas resources in the province.

By way of placing the Horn River figures in context, the NEB estimated that 197 tcf of conventional and unconventional natural gas remain in the WCSB, although this number does not take into account known but as yet unassessed unconventional gas resources.

The estimate of total remaining conventional and unconventional natural gas in Northeast BC available for future demand is 109 tcf. That includes 78 tcf of shale gas and 31 tcf of remaining natural gas resources identified in a joint assessment of conventional natural gas resources in Northeast BC. The NEB and the ministry released the conventional gas assessment in 2006.

The new report on unconventional gas resources puts forth the medium-case estimate of 78 tcf for Horn River shale gas as the most realistic scenario. However, the two agencies estimated Horn River shale gas potential to be in a range from 61 tcf to 96 tcf.

In the same report the agencies estimated remaining conventional gas potential at 78 tcf in Alberta, 4 tcf in Saskatchewan, and 6 tcf in the southern territories. They did not estimate unconventional potential in those three areas.

Related Articles

Induced seismicity research effort identifies information gaps

11/10/2014 A federally coordinated effort to determine whether oil and gas activities are related to growing reports of induced seismic activity has identifie...

Canada Briefs

08/13/2014

Liard and the Besa River shale

08/20/2012

Northern Canada’s lesser-explored basins leave lots of scope for big plays, including in thick sections of Devonian-age sediments.

Quicksilver, KKR form partnership for Horn River midstream

12/28/2011 Units of Quicksilver Resources Inc., Fort Worth, and Kohlberg Kravis Roberts & Co. LP have formed a midstream partnership to build and operate ...

Nexen, Inpex form venture to develop BC shale gas

11/29/2011 Nexen Inc. and a consortium led by Japan’s Inpex Corp. agreed to create a joint venture to develop unconventional shale gas assets in the Horn Rive...

Pembina to expand Montney shale NGL pipeline capacity

11/11/2011 Pembina Pipeline Corp. will install five new pump stations and upgrade five existing pump stations to expand NGL throughput capacity on its Peace a...

Spectra reaches Montney shale gas processing agreements

10/21/2011 Spectra Energy Corp. has entered into multiyear agreements with Progress Energy Resources Corp. to provide a total 370 MMcfd of natural gas gatheri...

Encana to sell interest in Cabin Gas plant

10/07/2011 Enbridge Inc. reached an agreement with Encana Corp., both of Calgary, to acquire Encana’s interest in the Cabin Gas plant in the Horn River basin ...

ExxonMobil takes Argentina shale farmout

08/31/2011 ExxonMobil Exploration Argentina SRL and a unit of Americas Petrogas Inc., Calgary, will explore and possibly exploit the Canadian company’s 163,50...

White Papers

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

When Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST



On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected