Three U.S. companies— ConocoPhillips, Ovintiv and Murphy Oil—are currently entrenched in Canada’s Montney Shale. And with good reason as they continue to carry over the U.S. shale boom to the north of the border.
The Montney boasts double-digit IRRs and Tier 1 acreage with a longer inventory lifespan than the Permian Basin due to lower activity levels than the extremely busy West Texas play. And new export infrastructure projects offer market diversity for varied products coming out of Montney.
In the Western Canada Sedimentary Basin (WCSB), the Montney is primarily a condensate-rich natural gas play in northwest Alberta and northeast British Columbia (BC). The play offers both a scaled and developmental runway, and provides a one-stop shop with multiple product optionality: gas, oil and condensate.
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