Protesters can start gearing up and riding their bikes to the Laird area........
Company finds 48 tcf gas field in northern British Columbia
* Test well in field most prolific ever
* No rush to develop while prices low
* One of several high-potential regions for company
* Shares rise 1.3 pct
CALGARY, Alberta, June 15 (Reuters) - Apache Corp has made what it believes may be one of the world's largest shale-gas discoveries in a remote corner of northeastern British Columbia, a massive field containing as much as 48 trillion cubic feet of recoverable natural gas.
The company has drilled three wells into its holdings in the Liard Basin in British Columbia, just south of where the province's northern border meets the borders of the Yukon and Northwest Territories. Those wells tapped into a massive shale-gas reservoir that alone could supply U.S. needs for almost two years.
"This is probably the best shale gas reservoir in the world," John Bedingfield, the company's vice president of worldwide exploration, said at a company presentation on Thursday.
Only one of the three wells drilled in the region was treated with the multiple-stage hydraulic fracturing process that has been key to unlocking North America' prolific shale-gas reserves. That well, which was "fracked" six times, delivered 21.3 million cubic feet of gas per day over its first thirty days of production, which Apache said was the most prolific shale-gas test well ever drilled.
Apache finds massive Canadian shale-gas field | Reuters
Company finds 48 tcf gas field in northern British Columbia
* Test well in field most prolific ever
* No rush to develop while prices low
* One of several high-potential regions for company
* Shares rise 1.3 pct
CALGARY, Alberta, June 15 (Reuters) - Apache Corp has made what it believes may be one of the world's largest shale-gas discoveries in a remote corner of northeastern British Columbia, a massive field containing as much as 48 trillion cubic feet of recoverable natural gas.
The company has drilled three wells into its holdings in the Liard Basin in British Columbia, just south of where the province's northern border meets the borders of the Yukon and Northwest Territories. Those wells tapped into a massive shale-gas reservoir that alone could supply U.S. needs for almost two years.
"This is probably the best shale gas reservoir in the world," John Bedingfield, the company's vice president of worldwide exploration, said at a company presentation on Thursday.
Only one of the three wells drilled in the region was treated with the multiple-stage hydraulic fracturing process that has been key to unlocking North America' prolific shale-gas reserves. That well, which was "fracked" six times, delivered 21.3 million cubic feet of gas per day over its first thirty days of production, which Apache said was the most prolific shale-gas test well ever drilled.
Apache finds massive Canadian shale-gas field | Reuters