• The joint venture between Canadian Spirit and Canbriam Energy BC Partnership has entered the production phase, joining Talisman as a producer of natural gas in the Montney formation in the Farrell Creek/Altares area. The initial capacity of the Farrell Creek gas plant is 10 mmcfpd, with a capacity up to 50 mmcfpd.  
  • Progress Energy has advanced plans to develop six Montney pods each capable of sustaining 50 mmcfpd for a period of 10 years. Current production is 45,000 boe per day from five drilling rigs operating in British Columbia and three in Alberta. Progress has drilled 11 horizontal wells at its Town South development in Montney, each with 5 mmcfpd initial production and 20 bbls per mmcf of high value NGL production. The compression and dehydration facility at Town South currently handles 35 mmcfpd and has been expanded to provide 50 mmcfpd capacity. An additional four horizontal wells are expected to be drilled and operating in the fourth quarter of 2011.  
  • NOVA Gas received approval from the National Energy Board to construct and operate its $307 million Horn River project, which will transport sweet natural gas to Alberta from British Columbia‘s Horn River Basin. The project will include NOVA’s acquisition and operation of the Ekwan section, as well as the construction and operation of new pipeline and metering facilities on the Komie East Extension and the Cabin Section. The Cabin Section is projected to require capacity for 1.04 bcfpd production by 2025 in order to meet the growth demands of the Horn River project.
  • A joint review panel representing the National Energy Board (NEB) and Canadian Environmental Assessment Agency (CEAA) is reviewing Enbridge’s application for the Gateway Pipeline project, and Pat Daniel, CEO & President of Enbridge, is confident that the Pipeline project will be constructed. One proposed pipeline will transport 525,000 bbls per day of crude oil from Bruderheim, Alberta to Kitimat, British Columbia, while the other will carry 193,0000 bbls per day of imported condensate from Kitimat to the Edmonton area. The project has strong commercial support from a consortium of Canadian producers and southeast Asia refiners.