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Canada boasts of gas potential in western provinces

CALGARY, Alberta, Nov. 7 (UPI) -- The Montney field across Alberta and British Columbia holds more than 400 trillion cubic feet of natural gas, the Canadian government said.

The National Energy Board, along with provincial energy regulators, announced they completed the first-ever study of the marketable unconventional resources in the Montney area.

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The governments said the formation holds 449 trillion cubic feet of marketable natural gas and 1.1 billion barrels of marketable oil.

"At current consumption rates the Montney gas resource would meet Canadian needs for 145 years," NEB Chairman Gaetan Caron said in a statement Wednesday. "The report clearly shows that Canadian energy markets will be well supplied with natural gas far into the future."

The NEB said Montney's marketable gas reserves add to a lucrative resource base already under development in Western Canada.

Montney stretches from northeast British Columbia to northwest Alberta. The NEB said it's been subjected to hydraulic fracturing operations for "several years" though this is the first assessment of its overall potential.

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