Wouldn't It Be Nice - British Columbia's Montney Gas Play Revived with New First Nations Agreement

RBN Energy Blogcast

Natural gas production in Western Canada has been enjoying a steady revival in recent years, heavily assisted by enormous growth in the unconventional Montney gas formation. A sizable portion of this formation lies in the westernmost province of British Columbia, but also underlies a large contiguous land area in that province which has been the subject of land access and development issues with the province’s First Nations residents. As a result of a legal decision made in June 2021, future natural gas production growth was thrown into question as new well licenses, crucial for future gas well development, were placed on hold until a new agreement could be reached. In the nick of time, a new agreement was announced last month. In today’s RBN blog, we discuss the implications on future natural gas drilling and production.