-20 C
Fort St. John
Thursday, January 17, 2019
Tel: 250-787-7100
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement

Alberta firm urges caution in wake of shale gas boom

Advertisement

A Calgary firm is asking companies to use caution when it comes to the numbers associated with natural gas resources.

In the wake of shale rights sales in BC totalling over $2 billion this year alone, communities in the Western Canadian Shale Basin have been inundated with numbers suggesting monstrous natural gas resource potentials in the shale formations just underneath the earth.

These resource potentials, which for the Montney and Horn River Basins alone are estimated to be in the 2000 trillion cubic feet range, are also used in reports to shareholders of publicly-traded companies.

- Advertisement -

The problem, according to AJM Petroleum’s Robin Mann, is what he calls the “non-technical population,” who may misunderstand these staggering numbers as actual recoverable gas. Mann estimates that number to be only a small percentage of the total—it could be as little as 15%.

[asset|aid=317|format=mp3player|formatter=asset_bonus|title=80b202f25c2709f43b3ad4b2ac913bc3-Mann-1_1_Pub.mp3]

However, Mann says this doesn’t mean that communities hoping for a boost from new shale developments won’t see some economic benefit.

[asset|aid=318|format=mp3player|formatter=asset_bonus|title=80b202f25c2709f43b3ad4b2ac913bc3-Mann-2_1_Pub.mp3]

Mann presented his findings to a forum of Pacific Gas producers September 24th in Vancouver.

get the latest news in your inbox

Author

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Advertisement
Advertisement
Advertisement

Must Read

Additional work to be performed on Taylor Bridge Tonight

TAYLOR, B.C. - Yellowhead Road and Bridge North Peace say additional work on the Taylor Bridge will be taking place tonight, Thursday, January 17. YRB says...

Synergy – Project Management Event