CNR targets tight-gas prospects
Unconventional gas development planned British Columbia (BC) and Alberta
CANADIAN Natural Resources (CNR) is pressing ahead with unconventional gas development in British Columbia (BC) and Alberta, despite a bearish gas-price outlook and its own production cutbacks in recent years. Cam Kramer, senior vice-president of gas operations, said the independent’s gas spending this year will increase by 8% to C$750 million ($766.5 million) as horizontal drilling and multi-stage fracturing are deployed in the tighter, thicker reservoirs of the Deep Basin play – viewed as one of the few remaining growth areas in Western Canada. He said there is “promise that technology will unlock significant value on CNR’s lands” as the company steps up its Deep Basin activities, partly t
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