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Encana Rig on Fire in Horn River Shale Gas Region

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August 09, 2010 – Comments (11) | RELATED TICKERS: ECA

The Horn River Shale Gas Region is one of the richest natural gas deposits, estimates of something like 5 trillion cubic meters of natural gas.

Anyway, this large deposit is reasonable close to where I live, about 100km, which in the north is close.  The closest bank or restaurant to me is 200km away.

EnCana is one of the companies drilling and one of their rigs caught fire on Saturday and is still burning. 

I suppose this deposit is also responsible for why SpectraEnergy has increased their pipeline to carry about 5 times the capacity.  The first year I was up here the road between here and Ft Nelson was almost empty.  I can remember seeing maybe 2-3 vehicles driving the 200km trip.  The last two years there has been a lot of traffic by comparison and tons of truck. 

I have a feeling the development of this deposit is going to keep natural gas prices down.

 

 

11 Comments – Post Your Own

#1) On August 10, 2010 at 2:11 AM, alberta911 (75.52) wrote:

Excellent to hear everyone got out safe and sound. 

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#2) On August 10, 2010 at 8:47 AM, dwot (44.32) wrote:

Has anyone studied shale gas?

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#3) On August 10, 2010 at 9:28 AM, CharlieBeLong (29.74) wrote:

You live 100k from a restaurant.  Wow, no wonder you blog all the time.  No one else to talk to. 

Keep it up.  I love your postings.  And your even trading again this summer.  That's nice.  Let me know when the caribou start their crossing.

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#4) On August 10, 2010 at 9:28 AM, CharlieBeLong (29.74) wrote:

You live 100k from a restaurant.  Wow, no wonder you blog all the time.  No one else to talk to. 

Keep it up.  I love your postings.  And your even trading again this summer.  That's nice.  Let me know when the caribou start their crossing.

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#5) On August 10, 2010 at 9:29 AM, CharlieBeLong (29.74) wrote:

Sorry for the double talk.

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#6) On August 10, 2010 at 12:20 PM, Oldsmuggler (< 20) wrote:

This was not a shale gas rig, they were drilling Dovanian Carbonate (Jean-Marie)

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#7) On August 10, 2010 at 12:48 PM, lemoneater (81.79) wrote:

I agree with CharlieBeLong. It's neat to get news from the Northland. 

Just curious, what is your nearest restaurant--a fast food place or a 5*?

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#8) On August 10, 2010 at 7:37 PM, dwot (44.32) wrote:

I have to go to Fort Nelson for a restaurant, but, our fuel station is putting in a restaurant so we might have something soon.

Ft Nelson has a population of around 4,000 and they have A&W, Boston Pizza, and then a few independent places.  But, when it takes 2 hours to get home from a restaurant it kind of kills the interest in going out for dinner.   And it is 200k each way, not 200k round trip.  And then, I hate driving in the dark, so in the winter when you only have 6 hours of light in a day, well if I have to go to town I shop as fast as I can and turn around and head for home. 

Ok Oldsmuggler, the map I was looking at has hundreds of square km of land highlighted as the horn river basin, the whole northeast corner of BC and into the northwest territories.  My mistake to assume all the gas in the region is shale.

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#9) On August 10, 2010 at 10:11 PM, devoish (98.63) wrote:

Are you familiar with Centralia Pennsylvania?

http://www.roadsideamerica.com/story/2196 

 

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#10) On August 11, 2010 at 10:03 AM, dwot (44.32) wrote:

Never heard of it, interesting story...

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#11) On August 13, 2010 at 11:28 AM, dwot (44.32) wrote:

Charles, there are only Caribou that live in the mountains where I am and I've never seen them, so that is what I have been told by a woman who designed an educational unit on the Caribou.  If you ask the locals they will say there are no caribou around us, and they primarily hunt Moose.

I saw a 3 caribou when I was in the tundra the week before last.  They are on their migration for the treeline.

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