Articles tagged Montney Shale

Calgary-based Tourmaline Oil Corp., the largest natural gas producer in Western Canada, has struck a deal to buy crosstown explorer Crew Energy Inc. to build its gas-heavy reserves In the Montney Shale.

The Nisga’a Nation and Western LNG are working to amend the route of their Prince Rupert Gas Transmission (PRGT) project in British Columbia (BC) as early site work begins this month.

The commercial start up of Western Canada’s first natural gas export project, LNG Canada, is going to lead to an uptick in Montney Shale drilling in 2025, according to Calgary-based Precision Drilling Corp.

Calgary’s Whitecap Resources Inc. saw natural gas production jump from Western Canada’s Montney and Duvernay shale formations as well as from conventional assets in Alberta and Saskatchewan in the second quarter.

Western Canada-focused Pembina Gas Infrastructure Inc. (PGI) is aiming to expand its natural gas infrastructure in the Montney and Duvernay formations after securing a half-stake in Whitecap Resources Inc.’s 15-07 Kaybob Complex.

Canadian independent Crescent Point Energy Corp. is moving its natural gas exposure away from the AECO price point.

Canada’s largest natural gas producer, Tourmaline Oil Corp., said it has increased its exposure to global LNG pricing through two agreements to supply gas to units of commodity trading giant Trafigura Group Pte. Ltd.

Calgary’s Tourmaline Oil Corp. is anticipating stronger natural gas prices in 2024 and 2025, driven by the LNG Canada export project on British Columbia’s coast and new liquefaction projects elsewhere in North America. 

Increased development in the natural gas-rich Montney Shale continues to foster northern British Columbia (BC) pipeline projects as production increases, including preparations for LNG exports to begin from the Pacific coast by 2025.

Calgary-based Crescent Point Energy Corp. is jumping into the merger frenzy with a goal to transform its portfolio in Western Canada with the $1.9 billion cash-and-stock takeover of crosstown rival Hammerhead Energy Inc.