From embracing a cube development model, employing new and evolving completion techniques and testing the fibre optic monitoring of wells, Encana Corporation continues to push the envelope of technology and innovation in its Montney programs in British Columbia and Alberta, an investor day event heard last week.
The full supply costs1 of producing gas and liquids in Canada’s Montney formation is 13 per cent lower this year at C$18.79, according to a new study from the DOB and CanOils that focuses on Montney and Marcellus producers in Q2 2017.
Ernst & Young Inc., in its capacity as Court-appointed Receiver and Manager (the “Receiver”) of Petrowest Corporation and its affiliates (collectively, “Petrowest”), is seeking parties interested in acquiring the Peejay Landfill ( “Peejay” or the “Landfill”) and the Doig Gravel Pit license.
The perception of many outside the industry is that what is being done to prevent pipeline leaks from occurring is not good enough. A few unfortunate high-profile incidents and the resulting media coverage have drawn negative attention and scrutiny which is taken out of context against the good work and progress being made by the industry as a whole.
As the Montney fairway continues to evolve, so too have the players. The pace of development has altered the landscape of the basin as volumes continue to grow through ongoing price volatility and dynamic political regimes in the global market.
LINN Energy, Inc. has signed a definitive agreement to sell its interest in properties located in the Williston Basin to an undisclosed buyer for a contract price of $285 million, subject to closing adjustments.
Tidewater Midstream and Infrastructure Ltd. has obtained conditional approval from its banking syndicate to increase its credit facility from $180 million to $250 million, conditional upon closing the previously announced Deep Basin and Montney acquisition.
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