Large Alberta coalbed methane program launched

Click here to enlarge imageA large coalbed methane exploration and development project is starting in the southeastern Alberta portion of the Western Canada Sedimentary basin.Quicksilver Resources Inc., a Fort Worth independent that went public only 20 months ago, will join PanCanadian Petroleum Ltd. in the program.Quicksilver has expertise in the Michigan basin with low-permeability gas-producing Devonian Antrim shale, which has similar geological and production characteristics to CBM. The company, Michigan's largest independent gas producer, grew from a private predecessor established in 1963.Site of the effort is PanCanadian's Palliser block of almost 1 million acres that ex...

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