• Enbridge has revived proposals for the $4 billion Gateway pipeline to move crude from the oil sands in Alberta to the West Coast for export to Asian markets. The project was put on the backburner in 2006, but has moved to the forefront now that Enbridge has the customer demand to support proceeding with the regulatory approval process. The support is not from China which was the original pull for the project, but from broader Southeast Asia interest including from Japan and Singapore. The 1,200 km pipeline would move 400,000 bpd of crude from Strathcona County in Alberta to a terminal in Kitimat, British Columbia. An adjacent line would move condensate in the other direction.
  • EOG Resources estimates it may have approx. 6 tcf of potential shale gas reserves in the Ootla area of northern British Columbia's Horn River Basin, which the company indicates features similar characteristics to the prolific Barnett shale in Texas and could hold twice the gas-in-place per section as Barnett. EOG has been working on the shale gas play for three years and has captured 140,000 net acres in the Horn River Basin. The company has drilled three vertical and three horizontal wells with some wells testing as high 5 mmcf per day. EOG plans to start flowing the wells into a sales pipeline in June and plans additional development wells in 2008 to further refine its drilling and completion processes.