Horn River
The Horn River Basin shale play is located in northeast British Columbia and is a relatively new natural gas discovery. It is the largest known shale gas field in Canada. A large number of mostly Canadian and American companies have been busy obtaining leases in the Horn River area, and a 36-inch pipeline is being built to transport natural gas from this remote area to a tie-in point on TransCanada’s existing Alberta System.
Experts estimate there is about 250 trillion cubic feet (tcf) of natural gas in the field, of which 10% to 20% is recoverable. Another emerging shale play in British Columbia, just south of the Horn River shale, is the Montney shale, which is estimated to hold up to 50 tcf of gas reserves and extends east into Alberta.
Horn River Shale Map
Horn River Shale News
Quicksilver sells 25% interest in Barnett Shale assets to Tokyo Gas for $485 million
May 1, 2013
Fort Worth, Texas-based Quicksilver Resources Inc. [NYSE: KWK] said March 29 that it has agreed to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned US subsidiary of Tokyo Gas Co. Ltd. |
Chevron subsidiary acquires operating interest in Kitimat LNG project
Dec 26, 2012
Chevron Canada Ltd. will acquire a 50% operating interest in the Kitimat LNG project and proposed Pacific Trail Pipeline, and a 50% interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada. |
Encana enters into JV to develop Duvernay shale play
Dec 13, 2012
Calgary-based Encana Corporation has entered into a joint venture arrangement with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to explore and develop Encana’s extensive undeveloped Duvernay land holdings in west-central Alberta. |
Canadian shale holds great promise
Oct 1, 2012
Aside from the Bakken shale play that extends north from the United States into the Canadian province of Saskatchewan, the Horn River Basin contains the best known shale deposits in western Canada. |
Investor interest returns to Montney Shale play
Apr 25, 2012
Canada’s Montney Shale play is gaining huge attention due to its unconventional gas reserves, securing enormous investments as operators compete for valuable areas, a new report by GlobalData has found. |
Terra Energy divesting Canadian assets
Apr 10, 2012
Terra Energy has engaged Macquarie Tristone and Scotiabank to seek proposals for divesting up to 100% of its share of assets of NorAm Energy Worx Inc. |
Weekly Update: Asia intensifies North American asset grab
Dec 2, 2011
Government backed Asian companies made further moves for global oil and gas resources this week, with the target areas ranging from Canada and the United States to Australia. |
Horn River, Montney shale plays create interest in western Canada
Oct 1, 2011
The Horn River Basin is not a household name and neither are the subsurface shale formations in that part of western Canada.
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Horn River, Montney shale plays create interest in western Canada
Oct 1, 2011
The Horn River Basin is not a household name and neither are the subsurface shale formations in that part of western Canada.
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Talisman and Sasol to partner in Canada's Montney Shale
Dec 20, 2010
Calgary-based Talisman Energy has signed an agreement with South Africa’s Sasol Limited on Dec. 20 to create a strategic partnership to develop the Farrell Creek assets in Talisman’s Montney Shale play in northeastern British Columbia. Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of Can$1.05 billion (about US$1.03 billion). |
Encana, CNPC to jointly develop Canadian natural gas plays
Jun 25, 2010
Encana Corp. (NYSE: ECA) and China National Petroleum Corporation (CNPC) are negotiating a potential joint-venture investment to develop Encana’s natural gas plays in Horn River, Greater Sierra (Jean Marie formation) and Cutbank Ridge (Montney formation) in northeast British Columbia. |
Nexen operating in Horn River Basin
Jun 12, 2010
Canada’s Nexen Inc. has 199 net sections of undeveloped land in an emerging Devonian shale gas play in the Horn River Basin in northeast British Columbia. Shale gas is natural gas produced from reservoirs composed of organic shale. |
Talisman increases Marcellus, Montney shale acreage
Nov 3, 2009
Canadian Talisman Energy Inc. has increased its landholdings in two unconventional natural gas plays, the Marcellus and the Montney, in North America. |
Quicksilver has success in Horn River Basin
Sep 30, 2009
Quicksilver Resources Inc. has completed its first well in the Horn River Basin in Northeast British Columbia. The well tested at an initial production rate of 13 million cubic feet per day. |
Apache signs MOU with Kitimat LNG
Aug 14, 2009
Apache Corp. has signed a memorandum of understanding with Calgary-based Kitimat LNG Inc. to supply natural gas to Kitimat LNG’s proposed LNG export terminal. |
The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.
Read the full speech by Peter Voser here.
The total value of US oil and gas mergers and acquisitions increased significantly in 2011 due to continued investment in US shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry, according to an analysis of energy M&A data by PwC US. A major trend in the energy sector driving the increase in deal value throughout the year was a shift towards more investments in oil and liquid plays as natural gas prices remained depressed amid hitting a 10-year low in 2011.
Read more here.
Can the shale gas r
evolution currently taking place in the US be repeated elsewhere? Although significant volumes of unconventional gas deposits are present in Poland, France, Germany, Hungary, Sweden, Turkey, and the UK, shale gas developments are running many years behind their counterparts in the US. Skeptics have pointed out that differences in geology, taxes, public acceptance, environmental regulations and other factors in Europe vs. the US make for a tougher environment in which to develop unconventional resources.
Read the article by Bart J. A. Willigers of Palantir Solutions Ltd. here.
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