Montney could compete with premier Texas shale oilfields but it’s being held back by a “cumbersome” regulatory system.
Pacific Oil & Gas strikes cash deal for Canbriam Energy, which produces natural gas from BC’s Montney formation.
Light oil produced with gas from the Montney underground formation will double in the fourth quarter.
Eighty per cent of spending will directed at four key plays in Alberta and the southern US.
$2.5B investment aimed at five oil and liquids-rich assets.
Centrica, Qatar Petroleum to buy natural gas crude oil in three provinces.
Encana Corp. is selling a major stake in its BC gas assets to Mitsubishi Corp. for $2.9 billion.