• Trilogy Energy Trust announced it expects to produce an average of 20,000 boe per day this year, with average operating costs of $12.25 per boe. This will bring the company’s capital expenditures, excluding acquisitions, to $80 million. Trilogy is planning to expand its Kaybob North gas plant which includes plans for a 12 inch pipeline running 53 kilometres into their Montney gas project at Presley. The expansion project will cost an estimated $38 million, but the company is predicting a cost savings of up to $12 million per year by having the facilities in place.
  • Pemberton Energy announced it is planning to proceed with drilling a horizontal re-entry well at Montney on the belief there are two additional oil pools above the Montney pool. The re-entry well will be drilled as soon as possible. The company estimates prospective resources at Montney to be 4.4 million bbls of oil.
  • Canadian Spirit Resources, the joint partner in the Farrell Creek property with Canbriam Energy, announced it will be drilling a vertical well in Montney in September. The company anticipates that by year-end seven wells will be flowing from its Gething pilot project. It currently has gas flowing from four wells in the Gething formation.
  • Quicksilver Resources Canada announced it is focusing most of its Canadian efforts on exploratory activities in the Horn River Basin where the company holds a 100% interest in 127,000 acres. Quicksilver estimates it will drill over 70 wells in the next 10 years in order to hold its land in the basin.