More uses for NG: Talisman's JV with Sasol at Farrell Creek

January 18th, 2011
Talisman's recent announcement of a $1.05 billion Joint Venture in the Farrell Creek region north of Hudson's Hope, with Sasol of South Africa, could expand the marketplace for natural gas produced out of our region.

Sasol is expecting that profits will increasingly be derived from the production of transportation fuel processed from natural gas as feedstock. The corporation has a long history ...

Why the big demand for energy?

January 11th, 2011
Making sense of the headlines coming out of major Canadian media outlets regarding energy demand can be challenging.

On the one hand is the over-supply of natural gas in the current North American marketplace. On the other hand is the strong demand for energy in emerging markets, projected to be very strong for a few decades.

An exceptional communication, published in early 2010 by ExxonMobil, ...

Economic Outlook for North America --- How are we doing?

January 4th, 2011
Last week RBC issued it's Economic & Financial Market Outlook for North America for 2011 - 2012, in parallel with TD Economics issuing their economic forecast.

How are we doing? Where are we headed? What's the overlay on economic activity in the South Peace?

Well .... pretty good :) (see the RBC report here and the TD Economics report here) The reports point to several positive indicators that ...

Gas Factories: more jobs, lower costs

December 17th, 2010
Gas Factories: over the last 2 years, this terminology has become main-stream corporate vocabulary in our region. What exactly is a Gas Factory?  

This is what a multi-well site being completed (= being fractured to enable the natural gas to flow to the surface) in 2010 by CalFrac looked like:

CalFrac frac job

This site illustrates: 
  • a "ton" of high-end technology, 
  • top-notch logistics management and 
  • a lo ...

More jobs coming to NE BC from Kitimat LNG

December 13th, 2010
Apache announced last week that it has applied for a license to produce and export LNG (liquified natural gas) and is moving ahead with preliminary engineering for the proposed LNG plant at Kitimat. Other significant stakeholders in the venture include Korea Gas and EOG Resources.

Kitimat LNG illustration .75

More long-term jobs for NE BC and the South Peace region are on the horizon. 2010 also saw discussions for a natur ...

Weak natural gas prices: what's happening?

December 11th, 2010
“DC Economic Action”
“Weak NG prices: what’s happening?”
Over recent weeks experts and commentators in Calgary have been weighing in on the flat NG prices and what the future might 
be for natural gas producers in Western Canada ….  
http://www.calgaryherald.com/business/Tertzakian+Natural+prices+likely+drop+further/3826836/story.html The next couple of 
years will be interesti ...