Vast Resource
The advancement of drilling technology has enabled the cost-effective recovery of shale gas – a game-changing resource for the world’s energy supply. Shale gas, which is found in abundance throughout many continents, is an affordable, clean burning fuel that generates lower greenhouse gas emissions compared to other fossil fuels.
There are many benefits to shale gas production. The vast resource can be developed in small stages, which means we can control the pace of development and match production with economic conditions and market demand. Shale gas also has short cycle times between initial investment and first production, which enables the gas to reach the marketplace quickly.
The advancement of drilling technologies means shale gas is now readily available and affordable – making it a clear choice for establishing a secure energy future. And the advancement of drilling technology, combined with ongoing research and development, allows this energy source to be developed safely and with environmental care.
Responsible Development of Shale Gas
We recognized the potential of shale gas early and in 2006 began acquiring large blocks of high-quality acreage in the Horn River Basin located in northeast British Columbia, Canada — one of the most prospective gas fields in North America. In 2010, we purchased more land in the nearby Cordova and Liard basins, bringing our total land position to approximately 300,000 acres.
Third-party evaluators have estimated that our land in the Horn River and Cordova basins hold between four trillion and 15 trillion cubic feet of recoverable contingent resources, while the Liard lands contain an estimated five trillion to 23 trillion cubic feet of prospective resources.1
Our focus on operational excellence has built our reputation as a leader in shale gas development. We’re driving down operating costs and increasing efficiency – a critical element of delivering gas to markets given current commodity pricing. Importantly, we’ve made these strides while also maintaining our high standard for safety and the environment.
A Game-changing Resource
Our Dilly Creek shale gas operation is located in northeastern British Columbia, Canada.