Talisman selling part of Montney field to Progress Energy

Must Read

Dawson Creek RCMP detachment experiencing phone system issues

DAWSON CREEK, B.C. - Dawson Creek RCMP are reporting an issue with their phone system at the detachment. According to...

Inland opens new Fort St. John Facility at existing location

FORT ST. JOHN, B.C. - Inland is announcing the completion of their new Fort St. John facility. According to Inland, ...

Northern Health Region sees 11 new cases of COVID-19 on Friday

VICTORIA, B.C. – 11 new cases of COVID-19 were confirmed on Friday, bringing the total in the Northern Health...

127,000 acres of its holdings in the Farrell Creek and Cypress areas are part of the deal, but Talisman will retain its Groundbirch and Saturn holdings spanning 48,000 Montney area acres. There’s no word yet on whether that will affect employees based in Fort St. John.

According to Progress, as of October 1st, the purchased assets had a daily production of about 11,000 thousand barrels of oil equivalent, with an anticipated fourth quarter increase.

In order to access shale fields in this area, the Malaysian state oil firm Petronas acquired Progress Energy Resources for f$5 billion last year.

- Advertisement -

Talisman has plans to raise between $2 and $3 billion from asset sales this year, and focus on others in west central Alberta. 

- Advertisement -

Community Interviews with Moose FM

Subscribe to our newsletter

Get the latest news delivered to your mailbox every morning.

More Articles Like This