21.5 C
Fort St. John
Tuesday, July 23, 2019
9924 101 ave Fort St. John, B.C.
Home News Alberta firm urges caution in wake of shale gas boom

Alberta firm urges caution in wake of shale gas boom

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.

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%.


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


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

get the latest news in your inbox


Local Events

Must Read

Council awards slope stability study for the Old Hope Road

FORT ST. JOHN, B.C. - After City Council concluded their process to find a suitable vendor to assess the stability of the Old Fort,...