January 26, 2024 – Calgary Herald
Varcoe: 'Why not?' — Smith eyes doubling Alberta oil and gas production in an uncertain energy world
By Chris Varcoe
On the natural gas front, Alberta produced 11 billion cubic feet (bcf) per day last year, up more than 10 per cent since the first year of the pandemic, according to data from RBN Energy.
The resource base in the province is big enough to boost output. The oilsands are the fourth-largest proven oil reserves in the world.
The Montney formation, spanning the northern B.C.-Alberta border, is responsible for about half of the country’s gas output and can also grow.
“The Alberta side of the Montney still has probably well over 100 (trillion cubic feet) of gas remaining to be developed,” said Martin King, RBN’s managing director of North America energy market analysis.
“There is plenty of gas resource. Will the market be there, will the infrastructure be there, are the real questions at the end of the day.”
Read the full article here: https://calgaryherald.com/opinion/columnists/varcoe-why-not-smith-eyes-doubling-alberta-oil-and-gas-production-in-an-uncertain-energy-world
