The Oil and Gas Industry within British Columbia has been primarily located within the Northeast area of the province and can be broken up into 5 distinct resource plays:
- Liard Basin
- Horn River Basin
Of these areas, the largest and most dominant play is currently the Montney formation area. Significant development of the Montney began in 2005 and the formation has become the largest contributor to natural gas production volumes in the province .
Naturally, with such a high abundance of potential, the Montney formation in Northeast BC has exploded with activity over the last decade. With an expectance of continued activity as new technologies arise, methods such as horizontal drilling, hydraulic fracturing, and multi-well pad designs will help producers efficiently increase production levels.
Currently, 83% of the production in NEBC comes from the Montney field and, most notably, this only represents a small fraction of what the area is capable of in the oil and gas industry. Table 1 below illustrates the potential of the NEBC gas market, showcasing the extent of the natural gas assets in Northeastern BC.