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Nexen unveils Horn River growth plan
CALGARY - Nexen Inc. will spend $200 million on its Horn River shale gas play in British Columbia over the next year to quadruple its current output, chief executive Marvin Romanow said at an investor conference in New York Tuesday.
And he added during the webcast presentation that the company plans to triple its gas capacity from the area again in the following 12 months.
The company will drill eight 1,800-metre horizontal wells this winter and will use 18 fracture stimulations in each well to destroy the rock and allow gas to be recovered, Romanow said.
In last year`s program, the company was using only 10 "fracs" per well.
"A year ago, we were producing two million cubic feet a day, today we are producing about 15 mmcf/d (from five horizontal wells)," Romanow said in answer to a question about shale gas production.
Read the full article here.
CALGARY - Nexen Inc. will spend $200 million on its Horn River shale gas play in British Columbia over the next year to quadruple its current output, chief executive Marvin Romanow said at an investor conference in New York Tuesday.
And he added during the webcast presentation that the company plans to triple its gas capacity from the area again in the following 12 months.
The company will drill eight 1,800-metre horizontal wells this winter and will use 18 fracture stimulations in each well to destroy the rock and allow gas to be recovered, Romanow said.
In last year`s program, the company was using only 10 "fracs" per well.
"A year ago, we were producing two million cubic feet a day, today we are producing about 15 mmcf/d (from five horizontal wells)," Romanow said in answer to a question about shale gas production.
Read the full article here.