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

Canadian Natural Resources considering Montney partnership, sale

Advertisement

It is considering either outright selling the land, or entering a joint-venture with a partner with liquefied natural gas expertise. In a conference call, President Steve Laut admitted the company has shied away from joint-ventures in the past.

"However, in this situation, when we look at the size of our Montney land base and balancing our capital allocation going forward, combined with the strong demand that we see for this type of high quality asset, plus the fact that Graham Kobes is somewhat removed from our core Montney asset base, it is prudent to monetize a portion of our Montney asset base at this time," he said.
 
CNRL, which controls over 400,000 hectares of land in the Montney region, reported a 58 per cent drop in fourth quarter profits. So far it has not entered the race to export LNG from B.C.'s west coast.
 
To read the full Globe and Mail article, click here.
- Advertisement -

get the latest news in your inbox

Author

Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Advertisement
Advertisement
Advertisement

Must Read

NEBC Yukon Midget Trackers hitting the road to take on Peace...

FORT ST. JOHN, B.C. - The Northeast B.C. Yukon Midget Trackers are on the road this Sunday as they take on the Peace River...