FOCUS: UNCONVENTIONAL OIL & GAS — Montney, Duvernay will be key to Canada shale oil, gas growth

The oil and gas industry continues working to develop unconventional plays in British Columbia and Alberta, particularly oil and liquids with an emphasis toward the Duvernay and Montney in the Western Canada Sedimentary Basin (WCSB). Peters & Co. noted the industry's redevelopment of the Montney has expanded to include tight oil exploration. Total Montney well count was 800 in 2011 and 700 in 2012, the investment house said in its latest Winter Oil & Gas Overview. "While the zone is well known for its significant dry and liquids rich-natural gas resource-in-place, a number of companies have made significant oil discoveries," Peters & Co. said. A top horizontal target...

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