Oil & Gas
Fort Nelson and the Northern Rockies - heart of the Horn River Basin have seen tremendous growth since 2009, in the number of new businesses, population, and interest in the area in both respects.
Shale Gas land tenure sales remain brisk in BC, with the province taking in over $780M in Drilling Licenses and Leases as of September 22, 2010.
The BC Government continues to support the development of shale gas plays through its Infrastructure Royalty Credit Program, and through regulatory change such as in the new Oil & Gas Activities Act, which will replace th "pipeline Act, the Oil & Gas Commission Act, and the regulatory provisions currently found in the Petroleum & Natural Gas Act.
Water consumption and supply in the use of production and completions (primarily for hydraulic fracturing) remains a primary concern for the NRRM and many other stakeholders. Alternative supplies such as the Debolt formation have been identified as viable solutions to ensure that fragile ecosystems and waterways remain in tact.
Recognized by the Canadian Association of Petroleum Producers (CAPP), the Horn River Basin Producer's Group continues to be a leader in industry partnerships by working collectively to minimize the impact of development environmentally, socially, and by working with the communities and stakeholders directly to sustaninably manage the growth resulting from shale gas development throughout the region. Find their Spring 2011 Newsletter here [PDF - 1.9 MB].
Having recently published their Guiding Principles on Hydraulic Fracturing, CAPP is taking a leading role in supporting responsible development in shale and tight gas exploration. See the publication here [PDF - 697 KB].
See the Northern Rockies Economic Profile for more information.
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