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December 8, 2021updated 27 Apr 2022 12:35pm

Montney (Advantage Oil & Gas Ltd) AB Unconventional Gas Field, Canada

By Carmen

Montney (Advantage Oil & Gas Ltd) AB is a producing unconventional gas field located onshore Canada and is operated by Advantage Energy.

Field participation details

The field is owned by Advantage Energy.


Production from Montney (Advantage Oil & Gas Ltd) AB

The Montney (Advantage Oil & Gas Ltd) AB unconventional gas field recovered 36.55% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 2.24 thousand bpd of crude oil and condensate, 276 Mmcfd of natural gas and 2.79 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 225.65 Mmboe, comprised of 9.95 Mmbbl of crude oil & condensate, 1,240.97 bcf of natural gas reserves and 8.87 Mmbbl of natural gas liquid reserves. Montney (Advantage Oil & Gas Ltd) AB unconventional gas field reserves accounts 0.19% of total remaining reserves of producing unconventional gas fields globally.


About Advantage Energy

Advantage Energy Ltd (Advantage) formerly known as Advantage Oil & Gas Ltd, is an upstream company that carries out the exploitation, acquisition, development, and production of crude oil, natural gas and natural gas liquids in Alberta, Canada. The company’s exploitation and development program is focused on Glacier assets and the development and delineation of its position in the Montney natural gas and liquids resource at Glacier, Alberta. It also owns and operates a gas plant for producing raw dry gas. These gases are sold through the company’s owned sales pipeline into the NGTL system. The company is also connected to the Alliance pipeline system. Advantage is headquartered in Calgary, Alberta, Canada.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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