OEF Rapid Review Articles
The Liard Basin is a lightly drilled region at about 60°N that straddles the boundaries of the Northwest Territories, Yukon, and the province of British Columbia. It is located at the far northwest corner of the Western Canada Sedimentary Basin, Canada’s major oil and gas producing area. The ultimate potential for marketable, unconventional gas in the Liard Basin is estimated to be very large, with expected volumes of 6,196 billion m³ (219 trillion cubic feet). Further, total Canadian natural gas demand in 2014 was 89.4 billion m³ (3.2 Tcf) making the Liard Basin gas resource equivalent to 68 years of Canada’s 2014 consumption. However, it is too early to know whether the Liard Basin will significantly contribute to Canadian gas production in the near term because gas prices are expected to remain low for the next several years, deterring development.
LINK TO THE SOURCE ARTICLE:
Canada’s Liard Basin Among World’s Largest Shale Gas Resources
LINK TO THE SOURCE ARTICLE:
Canada’s Liard Basin Among World’s Largest Shale Gas Resources