No Evidence of Groundwater Contamination From Fracking -- University of Texas --

Link here to Rigzone.com.

No direct connection has been found between hydraulic fracturing and reports of groundwater contamination, according to a study released Thursday by the Energy Institute at The University of Texas of Austin.

The study found that many of the problems linked to hydraulic fracturing are related to common oil and gas drilling operations such as casing failures or poor cement jobs.

Researchers also concluded that many reports of contamination can be traced to above-ground split or other mishandling of wastewater produced from shale gas drilling, rather than hydraulic fracturing per se, said Charles "Chip" Groat, an Energy Institute associate director who led the project.

"These problems are not unique to hydraulic fracturing," Groat said in a statement.

After You've Gone, Rhythm Sophie

Week 7: February 12, 2012 -- February 18, 2012

Hofmeister: $5 gasoline. It's now $4.00 gasoline in Los Angeles -- record high for this weekend.

CO2 injection for the Bakken?

A new fracking company in the Bakken: RockPile Energy Services; subsidiary of Triangle Petroleum. 

New pipeline proposed -- Bakken to Clearbrook, MN -- Saddle Butte Pipeline/High Prairie Pipeline

Several very nice Oasis wells announced.

DNR's "lost 66,000 acres."

Active rigs plummet to 195; recover to 197.

Ballard Petroleum has a rig on site. 

Keystone XL pushed back to 2015.

WTI-NYMEX closes at $104.05 for the long Presidents' Day weekend.

300 apartment units in South Heart, North Dakota?

Luxury apartments in Williston - an update.

EOG: 320-acre spacing in the Bakken.

Aerial photos of the Bakken.

From Yahoo!InPlay -- Keystone XL Vital To America's Economic Recovery -- American Iron and Steel Institute

No link because the link is dynamic and won't be there tomorrow.

TransCanada confirmed the vast majority of the pipe for Keystone XL would be manufactured in North America. In addition, the company intends to purchase approximately 90 per cent of all other goods for the $7.6 billion project from companies on the continent.

"Seventy-five per cent of the pipe used to build Keystone XL in the U.S. would come from North American mills, including half made by U.S. workers in Arkansas," said Alex Pourbaix, TransCanada's president, Energy and Oil Pipelines. "In addition, we have already sourced goods for the pipeline valued at approximately $800 million from U.S. manufacturers."

Pourbaix points out that the American Iron and Steel Institute recently sent a letter to the U.S House of Representatives and Senate stating its support of Keystone XL, describing it as vital to the national economic recovery.

Well, that's pretty audacious.

For Investors Only: Motley Fools' Take on KOG -- The Bakken, North Dakota, USA

From the Motley Fool:

Evaluating a company with headwinds this strong can be difficult. Kodiak's trailing P/E of 50.6 looks inflated until forward expectations come into play. With a forward P/E of 9.3 and anticipated sales growth this upcoming quarter clocking in over 800% higher (full-year estimates peg Kodiak's 2012 revenue growing 425%), it's little wonder that most analysts still view the company as a good buy.

Other Bakken players are also expecting major growth, although few have either the specific estimates or the lofty expectations of Kodiak. Samson Oil & Gas doubled its revenue last fiscal year and has a price target of $6, but has only one analyst on its tail compared to the nearly 20 following Kodiak. Whiting Petroleum is expected to grow sales by only 17% this year, and Bakken behemoth Continental Resources may grow only 28%. They both look positively anemic next to Kodiak.

Based on today's IP announcements, Motley Fool might have added Oasis to the mix.

Note disclaimer at the sidebar at the right. This is not an investment site. I am not buying or selling any shares in any company any time soon.

Mitsubishi and EnCana Form a Natural Gas Partnership in British Columbia -- Absolutely Nothing To Do With the Bakken -- February 17, 2012

Source: naturalgasintelligence - Montney. 

Updates

April 27, 2026: Shell acquires largest LNG producer in the Canadian Montney, link here.

February 15, 2023: Montney update, RBN Energy.

March 28, 2022: Vermilion Energy makes strategic acquisition in the Montney.

June 30, 2021: Montney update, RBN Energy, takeaway. 

June 14, 2021: Montney rivals merge; Canada's largest natural gas producer now larger. Tourmaline Oil acquires Black Swan.

 

May 19, 2021: Montney update, RBN Energy.

October 30, 2020: Canada finally approves 2021 expansion of NGTL's gas pipeline network. 

 

July 22, 2020: COP to buy Montney acreage. 

June 7, 2019: update on the Montney -- RBN Energy. 

May 12, 2019: recent headlines from  naturalgasintelligence - Montney:

• Encana's well costs have dropped $1 million/well after merger with Newfield Exploration in February, 2019
• Montney's unconventional potential of almost 2,000 trillion cubic feet (333 billion boe?) said to be barely tapped
• Duvernay, Monteny growth requires natural gas pipeline expansion
• links between fracking, earthquakes remain elusive, Canadian report
• Encana adds Anadarko Basin to "core three" with Montney, Permian

April 6, 2018: COP announces acquisition in Montney. 

January 29, 2018: update on Montney.

September 27, 2017: update on Montney.

August 7, 2017: canceled LNG project casts shadow over Canada's biggest shale play.

Petronas' decision to cancel its Pacific NorthWest LNG project is a blow to the growth outlook for Canada's largest shale play, eliminating a potentially huge source of future gas demand.

Gas from the Montney shale play in western Canada would have supplied the C$36 billion ($28.7 billion) project in northern British Columbia. The project, majority-owned by Malaysia's Petronas, would then have shipped 12 megatonnes per year of liquefied natural gas to Asia.

Instead, state-owned Petroliam Nasional Bhd (Petronas) subsidiary Progress Energy will keep developing and selling gas from its vast Montney position into a North American market where prices have been languishing at historically low levels.

May 20, 2017: as a natural gas play, Montney, "Permian of the North" is back

March 13, 2016: competing with the Marcellus for eastern Canada. 

March 3, 2016: update on polyethylene cracker in North Dakota; the tsunami will include the natural gas from Montney.  

Original Post

Asia Continues to Buy North American Assets

Link here.

Mitsubishi Corp. agreed to acquire a partnership with EnCana Corp. to develop Cutbank Ridge undeveloped lands in northeastern British Columbia. Terms call for Mitshbishi to invest $2.9 billion (Can.) for a 40% interest.

The partnership holds 409,000 net acres of Encana’s undeveloped Montney formation gas assets in the Cutbank Ridge play. Encana will operate the partnership and be the managing partner with 60% interest in the partnership.

Randy Eresman, Encana president and chief executive officer, said Encana began nearly a decade ago to assemble its land position in the Cutbank Ridge in the foothills of the Canadian Rockies.