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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.
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. |
Recent wells strengthen Apache's Horn River resource assessment
Jul 30, 2009
Recent drilling results by Apache Corp. (NYSE, Nasdaq: APA) at the Horn River shale play of Northeast British Columbia have strengthened earlier estimates that individual horizontal wells in the play potentially can recover 10 billion cubic feet of natural gas. |
Energy Photo of the Week
May 26, 2009
Now you can share your personal industry-related photos with Oil & Gas Financial Journal online! Send your photos, along with a short description to OGFJ associate editor Mikaila Adams mikaila@pennwell.com and your photo could be the next Energy Photo of the Week. |