Unconventional natural gas production from Northeast British Columbia represents a unique opportunity for BC to further diversify its economy and establish itself as a significant, independent player in Canada’s natural gas industry. The reserves in the ground are enormous by any standard and recent technological developments have made those reserves accessible in a way that is attracting major interest from industry.
British Columbia currently produces 2.5 billion cubic feet of gas a day – less than a quarter of rival Alberta's output. But the potential in the Horn River Shale formation located in Northeast BC alone is huge. Companies such as Apache, EOG and EnCana Corp. believe Horn River itself could eventually produce more than four billion cubic feet a day, similar to what is generated at a giant field in Texas called the Barnett Shale.
Beyond Horn River, Northeastern BC appears to be rich with gas trapped in barely porous rock. This is a resource that industry is only now able to extract profitably. The Montney play south of Horn River has also sparked serious interest.
On September 30-October 1, 2009, Insight will host the Northeast BC Natural Gas Summit in Calgary at the Calgary Telus Convention Centre. Communica is pleased to announce its sponsorship of this event which will highlight this area’s potential, what markets the gas can hope to penetrate, the policies BC is establishing to encourage development and the efforts that are being made and will need to be made to provide key infrastructure.
The summit will allow those who are already involved in the area the opportunity to learn about the latest developments in government policy, regulatory and judicial decisions affecting development and the development of infrastructure. For those not yet active in the area, the conference will give a timely overview of all aspects of this exciting opportunity.
Click here to view more details about the summit and to register. If you would like to register as a “guest of Communica” please contact Emma Shea at eshea@communica.ca for a discounted rate.