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Home Energy News CNRL hires advisors for Montney holdings sale

CNRL hires advisors for Montney holdings sale


The oil producer first indicated in March it is looking to sell or develop a partnership to develop its vast holdings in the Montney shale gas region. That means monetizing around a quarter of its holdings in the Graham Kobes area, which is rich in natural gas liquids.

 CNRL is considering either outright selling the land, or entering a joint-venture with a partner with liquefied natural gas expertise. 

The company reported a $213 million drop in first quarter income. So far it has not entered the race to export LNG from B.C.’s west coast.

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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.


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