View Encana's 2012 First Quarter Interim Report.
In the Peace region of northeastern British Columbia (B.C.) we operate facilities near Dawson Creek, Farmington, Tomslake and Pouce Coupe. At facilities in this area, we extract natural gas from a deep basin tight gas formation referred to as the Montney formation.
On February 17, just two weeks after the Government of British Columbia released its strategy to further develop its abundant reserves of natural gas, Encana and Mitsubishi Corporation announced a partnership agreement for long-term natural gas development. Through the Cutbank Ridge Partnership, Encana and Mitsubishi plan to jointly develop 409,000 net acres of undeveloped Montney-formation natural gas lands in Encana's Cutbank Ridge resource play in northeast British Columbia.
The Partnership's long-term growth plans are expected to generate significant jobs, investment, economic opportunity and new revenues for the government and people of British Columbia. The Partnership will also be committed to demonstrating reliability and trustworthiness as it engages in safe, energy-efficient, sustainable development.
"This agreement clearly shows that when government works together with industry we can seize new opportunities for British Columbians that provide high-paying jobs for families and bring in significant new revenues to fund vital social services such as health care and education," said Premier Christy Clark at the news conference announcing the Partnership.
"The Encana and Mitsubishi partnership for the development of Cutbank Ridge shows that BC's Jobs Plan and our natural gas strategies are working," said Premier Clark.
View Cutbank Ridge Partnership backgrounder
View Encana in northeast B.C. video (mp4/3:10)
(From left to right) The Honourable Blair Lekstrom, Minister of Transportation and Infrastructure; Mike McAllister, Executive Vice-President & Acting President of Encana's Canadian Division; the Honourable Christy Clark, Premier of British Columbia; Wai Young, Conservative Member of Parliament for Vancouver South; Junichi Iseda, Senior Vice President, Division COO, Natural Gas Business Division B of Mitsubishi Corporation; Honourable Rich Coleman, Minister of Energy and Mines and Minister Responsible for Housing; Pat Pimm, MLA for Peace River North; and Hideki Ito, Consulate General of Japan announced the new Cutbank Ridge Partnership, a landmark natural gas investment which is expected to bring significant new investment, jobs and economic benefits to the province.
At the invitation of the watershed steward with the City of Dawson Creek, we were invited to learn about a sponsorship opportunity involving the University of Northern British Columbia (UNBC). We were quick to support this three-year UNBC research project, designed to provide a comprehensive inventory of surface water sources as well as providing more information about the variances in the flow of the Kiskatinaw River.
The Kiskatinaw River Watershed is a valuable water source for the residents of the South Peace Region. Supporting water-related research in the area helps us to better understand important factors related to water resources as we continue to refine and enhance our water management practices. Through water-focused research, we become more informed and better prepared as an industry to develop and manage this vital resource responsibly.
In northeastern British Columbia, we supported Geoscience BC with the Horn River and Montney Water projects. The Montney Water Project is designed to provide a comprehensive inventory of water sources and potential for deep geological disposal sites in the Montney resource play area of northeastern B.C., by creating a comprehensive database of surface water, groundwater and deep saline aquifers in the area.
Related information
Documents:
Links:
Learn about natural gas
Natural gas 101
Natural gas is widely recognized as one of the most versatile energy resources. Find out why.
Hydraulic fracturing explained
View our Hydraulic fracturing explained video to see how we use hydraulic fracturing to safely and responsibly extract natural gas from thousands of feet below the earth's surface.
Encana in northeast B.C. (mp4/3:14)
Contact us
Brian Lieverse
Community Relations Advisor
250.219.6599
Courtesy Matters
1.888.568.6322
ECA stock price
As of 2012-05-16 16:01. Minimum 15 minute delay