GOOD ECONOMICS GIVE A LIFT TO NATURAL GAS PLAY IN MONKMAN AREA

The economics of the Monkman gas play in Northeast British Columbia are turning out to be as successful as the geology. Careful planning and precise drilling are reining costs despite mountainous terrain and tricky structures. BP Canada Resources' Ted Bogle says well costs in the area have been cut as much as 40% from a decade ago. Recent wells cost $4.5-6 million (Canadian), compared with previous costs of $8-10 million. Wells drilled into the Triassic tip fold structures in the region

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