• 4 minutes What If Canada Had Wind and Not Oilsands?
  • 8 minutes EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 17 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 12 mins U.S. Withdraws From U.N. Human Rights Council
  • 8 hours Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 7 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 3 hours "The Gasoline Car Is a Car With a Future"
  • 2 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 hour Saudi Arabia turns to solar
  • 57 mins What If Canada Had Wind and Not Oilsands?
  • 11 hours North Korea, China Discuss 'True Peace', Denuclearization
  • 11 hours Could oil demand collapse rapidly? Yup, sure could.
  • 4 hours EVs Could Help Coal Demand
  • 1 hour Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 12 hours WE Solutions plans to print cars
  • 2 hours Gazprom Exports to EU Hit Record
  • 17 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 1 day Oil and Trade War
  • 20 hours Lloyd's of London excludes coal
Alt Text

Azerbaijan’s Pipeline Conundrum

Azerbaijan’s European pipeline project is…

Alt Text

Australia Looks To Tackle Its Looming Gas Shortage

The world’s soon-to-be top liquefied…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Is Canadian Shale Gas Worth $35 Billion?

Shale gas in western Canada is at the epicenter of the energy world this week.

Excitement from energy investors over northern shale comes after Malaysian petro-major Petronas last week announced a massive investment here--$35 billion to build a liquefied natural gas (LNG) facility in the province of British Columbia. The deal is so big, it represents the largest foreign direct investment in Canada’s history.

But the promise of natural gas riches here appears to justify the spend. Gas wells drilled into shale plays like the Notikewin, Montney and Horn River in northeastern British Columbia have yielded massive discoveries—some testing at towering rates up to 24.5 million cubic feet per day, along with valuable natural gas liquids.

Tests like that are as good as any results coming out of even the hottest U.S. shale plays, such as the Marcellus.

It’s these rosy results that enticed Petronas to pay $6 billion for British Columbia-focused gas producer Progress Energy Resources in late 2012. Petronas is now making these gas fields the backbone for supply to its massive LNG development—which will ship gas across the Pacific to high-value markets in Asia and possibly beyond.

These are huge investments. But will Canada’s shales live up to their promise? After all, these plays are in their infancy. What do we really know about the economics of shale production here?

To find out, let’s take a look at some of the…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News