Even if a proposed LNG project like LNG Canada eventually goes ahead, muted activity in what was not too long ago an industry bright-spot in the Horn River and Liard basins is not likely to see an appreciable uptick in activity any time soon.
The most active years of Horn River Basin land purchases occurred in the period from 2007 to 2009. The peak was in 2008 when out of the record $2.66 billion spent at Crown sales in British Columbia, $1.1 billion was spent tying up Horn River Basin acreage.
Operational issues during well stimulation can quickly turn a profitable field development into a money pit. It’s with this in mind that the engineering team of Packers Plus Energy Services Inc. developed their latest completion technology — the Quadrant™ System.
If you’ve been to a Canadian Tire store lately — and how many Canadians haven’t — you likely wouldn’t have been aware of what was happening behind the thousands of items on the sales floor, but the iconic retailer provides a sterling example of how a shift to a “lean and green” way of doing business can benefit companies.
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