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Released January 02, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Natural gas prices across Canada touched historic lows in 2024, amid strong production and high inventories in Alberta and British Columbia. Nonetheless, forward markets indicate a steep jump in prices in the coming year is quite possible, as residential and industrial power demand grows, along with liquefied natural gas (LNG) exports. Canada's biggest producers are responding with a host of expansion plans. Industrial Info is tracking more than US$2.4 billion worth of natural gas production projects that are set to kick off across Canada in the first quarter, more than 70% of which is to be found in Alberta.
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Click on the image at right for a graph detailing the companies preparing for natural gas production project kickoffs in Canada from January through March.
ARC Resources Limited's (Calgary, Alberta) projects are led by its development of the Attachie West Natural Gas Processing Plant near Fort Saint John, British Columbia, which started construction in mid-2023 and is expected to wrap up in the first half of 2025. The company will supply the 90 million-standard-cubic-foot-per-day facility with 26 new wells in the Attachie West Field to depths of 3,000 meters, with drilling to begin in the first quarter. Subscribers can read detailed reports on the processing plant and field expansion.
In November, ARC's board approved a 2025 capital budget of between C$1.6 billion and C$1.7 billion (US$1.11 billion to US$1.18 billion), with a significant portion to come from the Attachie development: "The capital budget implies approximately 10% production growth, with a concurrent 10% decrease in capital expenditures compared to 2024. The enhancement in capital efficiencies is attributed to a full year of production contribution from Attachie, the finalization of investments into Attachie Phase I infrastructure, and improved capital efficiencies at Kakwa and Sunrise."
ARC's Sunrise development near Dawson Creek, British Columbia, is among its other facilities set for expansion. The company plans to drill eight new production wells, and complete and tie in 14 others, to increase supply to its three Sunrise gas-processing plants. Subscribers can read a detailed project report and plant profile.
Paramount Resources Limited (Calgary) is planning to expand production of natural gas at two of its properties in Alberta's Duvernay Formation. The company expects to drill 20 to 22 new wells in the Kaybob North Field, which will tie into its Kaybob 08-09 Gas-Processing Plant, and six to eight new wells in the Willesden Green Field, which will tie in to its Leafland Gas-Processing Plant. Subscribers can read a detailed project report and plant profile for Kaybob North, and a detailed project report and plant profile for Willesden Green.
In 2019, Paramount sold off some of its Karr 6-18 Gas-Processing Plant in the Grande Prairie area of western Alberta to CSV Midstream Solutions (Calgary), while agreeing to offtake commitments. CSV completed a significant expansion of the plant in the following year, and Paramount currently is overseeing the permitting work for CSV's plans to drill 40 to 45 new wells in the Karr Field. Subscribers can learn more from a detailed project report and plant profile.
Paramount also is assisting Keyera Corporation (Calgary) with permitting work for its plans to drill 27 to 30 new wells in the Wapiti Field, which includes tie-ins to the Wapiti 03-19 Gas-Processing Plant near Grande Prairie. Paramount is among the companies that agreed to capital investments in the Wapiti plant in recent years, including take-or-pay commitments. Subscribers can read a detailed project report and plant profile.
In November, Paramount announced it had agreed to sell its remaining assets in the Karr, Wapiti and Zama fields to oil and gas producer Ovintiv Incorporated (NYSE:OVV) (Calgary) for C$3.325 billion (US$2.32 billion) in cash, as well as some of Ovintiv's Horn River Basin properties, closing of which is expected in the first quarter. The Horn River Basin properties include the Two Island Lake Natural Gas Compressor Station and Kiwigana Natural Gas Booster Station, both of which are near Fort Nelson.
Paramount will acquire Ovintiv's 50% operated interests in the Two Island Lake Field and Kiwigana Field; Paramount already holds the other 50% operated interest in the Two Island Lake Field. Subscribers can read detailed profiles of the Two Island Lake and Kiwigana plants.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for natural gas production projects that are set to kick off across Canada in the first quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
a href='https://www.industrialinfo.com/media/downloadMedia.jsp?mediaId=514414' target='_blank' class="lightbox">
Click on the image at right for a graph detailing the companies preparing for natural gas production project kickoffs in Canada from January through March.ARC Resources Limited's (Calgary, Alberta) projects are led by its development of the Attachie West Natural Gas Processing Plant near Fort Saint John, British Columbia, which started construction in mid-2023 and is expected to wrap up in the first half of 2025. The company will supply the 90 million-standard-cubic-foot-per-day facility with 26 new wells in the Attachie West Field to depths of 3,000 meters, with drilling to begin in the first quarter. Subscribers can read detailed reports on the processing plant and field expansion.
In November, ARC's board approved a 2025 capital budget of between C$1.6 billion and C$1.7 billion (US$1.11 billion to US$1.18 billion), with a significant portion to come from the Attachie development: "The capital budget implies approximately 10% production growth, with a concurrent 10% decrease in capital expenditures compared to 2024. The enhancement in capital efficiencies is attributed to a full year of production contribution from Attachie, the finalization of investments into Attachie Phase I infrastructure, and improved capital efficiencies at Kakwa and Sunrise."
ARC's Sunrise development near Dawson Creek, British Columbia, is among its other facilities set for expansion. The company plans to drill eight new production wells, and complete and tie in 14 others, to increase supply to its three Sunrise gas-processing plants. Subscribers can read a detailed project report and plant profile.
Paramount Resources Limited (Calgary) is planning to expand production of natural gas at two of its properties in Alberta's Duvernay Formation. The company expects to drill 20 to 22 new wells in the Kaybob North Field, which will tie into its Kaybob 08-09 Gas-Processing Plant, and six to eight new wells in the Willesden Green Field, which will tie in to its Leafland Gas-Processing Plant. Subscribers can read a detailed project report and plant profile for Kaybob North, and a detailed project report and plant profile for Willesden Green.
In 2019, Paramount sold off some of its Karr 6-18 Gas-Processing Plant in the Grande Prairie area of western Alberta to CSV Midstream Solutions (Calgary), while agreeing to offtake commitments. CSV completed a significant expansion of the plant in the following year, and Paramount currently is overseeing the permitting work for CSV's plans to drill 40 to 45 new wells in the Karr Field. Subscribers can learn more from a detailed project report and plant profile.
Paramount also is assisting Keyera Corporation (Calgary) with permitting work for its plans to drill 27 to 30 new wells in the Wapiti Field, which includes tie-ins to the Wapiti 03-19 Gas-Processing Plant near Grande Prairie. Paramount is among the companies that agreed to capital investments in the Wapiti plant in recent years, including take-or-pay commitments. Subscribers can read a detailed project report and plant profile.
In November, Paramount announced it had agreed to sell its remaining assets in the Karr, Wapiti and Zama fields to oil and gas producer Ovintiv Incorporated (NYSE:OVV) (Calgary) for C$3.325 billion (US$2.32 billion) in cash, as well as some of Ovintiv's Horn River Basin properties, closing of which is expected in the first quarter. The Horn River Basin properties include the Two Island Lake Natural Gas Compressor Station and Kiwigana Natural Gas Booster Station, both of which are near Fort Nelson.
Paramount will acquire Ovintiv's 50% operated interests in the Two Island Lake Field and Kiwigana Field; Paramount already holds the other 50% operated interest in the Two Island Lake Field. Subscribers can read detailed profiles of the Two Island Lake and Kiwigana plants.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for natural gas production projects that are set to kick off across Canada in the first quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
