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Title : We're Back! Canada's "Permian Of The North" Sees New Life -- May 20, 2017
link : We're Back! Canada's "Permian Of The North" Sees New Life -- May 20, 2017

We're Back! Canada's "Permian Of The North" Sees New Life -- May 20, 2017

From Bloomberg, data points:

• Montney shale formation, northern British Columbia and Alberta 
• contains about 450 trillion cubic feet of marketable nat gas; about half of Qatar's total reserves
• oil well service companies struggling to keep up with demand
• unlike much of Canada's oil and gas region, the Montney sees a resurgence
• pickup started back in November, December, 2016
• idle equipment meant less expensive to drill
• • $6 million in 2014
  • $3.7 million in 2017
• dubbed "Permian of the North" because it has same layered, stratified geology as its namesake
• • Permian: mostly crude
  • Montney: mostly natural gas and assoc liquids

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