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December 8, 2021updated 16 Feb 2022 11:11am

Montney (Storm Resources Ltd.) BC Unconventional Gas Field, Canada

By Carmen

Montney (Storm Resources Ltd.) BC is a producing unconventional gas field located onshore Canada and is operated by Storm Resources.

Field participation details

The field is owned by Storm Resources.


Production from Montney (Storm Resources Ltd.) BC

The Montney (Storm Resources Ltd.) BC unconventional gas field recovered 14.39% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 4.67 thousand bpd of crude oil and condensate, 227 Mmcfd of natural gas and 4.79 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047.


Remaining recoverable reserves

The field is expected to recover 238.75 Mmboe, comprised of 23.58 Mmbbl of crude oil & condensate, 1,145.73 bcf of natural gas reserves and 24.21 Mmbbl of natural gas liquid reserves. Montney (Storm Resources Ltd.) BC unconventional gas field reserves accounts 0.19% of total remaining reserves of producing unconventional gas fields globally.


About Storm Resources

Storm Resources Ltd (Storm Resources) operates as an oil and gas exploration and development company. The company is also involved in the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the provinces of Alberta and British Columbia. Storm Resources’ principal areas of operations include the Horn River Basin (HRB) and Umbach of northeast British Columbia. Storm Resources operates in Canada, where it is headquartered in Calgary.

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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