1.8 C
Fort St. John
Saturday, April 20, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home News Terra Energy-2

Terra Energy-2

Advertisement

nd in local area drilling activity, Calgary-based Terra Energy has announced expansion, of its 2008 Capital Expenditure Plan.

Terra now plans to spend approximately 52 million dollars this year…virtually all of it in its Fort St. John core area.

The expanded plan calls for the company to drill a total of 16 wells nearly double what it had originally planned.

- Advertisement -

Bud Love is the company’s chief financial officer and he says the increased activity is primarily due to increasing natural gas prices and new technogoly which is driving up interest in the shale gas reserves….

[asset|aid=66|format=mp3player|formatter=asset_bonus|title=Terra Energy-2_1_Pub.mp3]

[asset|aid=67|format=mp3player|formatter=asset_bonus|title=Bud Love – Terra Energy_1_Pub.mp3]

There were predictions earlier this year, of a 44 percent drop in natural gas drilling activity, from what it was three years ago.

However, Mr. Love says the recent price increases have instilled confidence in producers, to up their drilling programs and, he expects that to continue in the coming months…

get the latest news in your inbox

Author

Previous articleHot Weather
Next articleBC Fire Danger
Advertisement

Local Events

Must Read

BC Wildfire Service reminding residents to use caution when burning outdoors

PRINCE GEORGE, B.C. - With Northeastern B.C. experiencing warm and dry weather conditions, the B.C. Wildfire Service is asking residents and industry personnel to...