Encana Rig on Fire in Horn River Shale Gas Region
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.