• Calfrac Well Services is estimating that it will complete 500 wells in the Montney formation this year, an increase over the 150 wells Calfrac drilled in 2007. This is significant in terms of the growth in the area, located in Northeastern British Columbia, despite the economic downturn. Industry estimates of 4,000 fracs in both Montney and Horn River also indicate growth.
  • Trilogy Energy Trust plans to spend roughly $80 million this year, including funds for drilling four more horizontal wells into the Montney. Each well costs approximately $3.5 million to drill, complete and tie in.
  • Harvest Energy Trust stated economics at Hay River, located in Northeastern British Columbia, remain robust at present oil prices. The company is making use of waterfloods and enhanced waterflood technology, injecting water into the Bluesky formation for pressure support. Since beginning this practice in early 2008, production increased adding approximately 1,600 bpd of oil. This led to the company's developing about 40 additional wells in 2009, about half of which were water injectors.
  • NOVA Gas has proposed a pipeline out of Northeastern British Columbia to transport natural gas from the Montney formation. The proposed 36-inch Groundbirch pipeline would transport around 1.66 bcfd of natural gas into Alberta.