The Montney is fast shaping up as Canada’s hottest unconventional oil and gas play. The massive boom in oil and gas production has been a boon for Canada’s oil sands . The large amounts of condensate produced by the formation are a crucial diluent used to make the bitumen produced by the oil sands viscous so it flows and can be transported by pipeline to key U.S. refining markets. Production in the Montney is expanding The Montney has also become one of the largest producers of natural gas in Canada. According to data from the National Energy Board, by the end of 2017 the Montney was responsible for just over 30% of Canada’s total natural gas production, and it is anticipated that share will grow. The Energy Board expects that share to be over 44% by 2030. The productivity of the formation is growing at a solid clip, making it one of the most cost-effective and hence profitable natural gas plays in Canada. One attractive way to gaining exposure to the massive boom underway in the Montney is by investing in the sixth-largest producer in the formation: Birchcliff Energy (TSX:BIR). Solid operational results The driller reported some notable third-quarter […]
