Nexen plans big expansion in British Columbia
Vancouver Sun
November 18, 2009
Nexen Inc. will spend $200 million on its Horn River shale gas play in B.C. over the next year to quadruple its current output, chief executive Marvin Romanow said at an investor conference in New York Tuesday.
And he added during the webcast presentation that the company plans to triple its gas capacity from the area again in the following 12 months.
The company will drill eight 1,800-metre horizontal wells this winter and use 18 fracture stimulations in each well to destroy the rock and allow gas to be recovered, Romanow said.
In last year's program, the company was using only 10 fractures per well.
Romanow said Nexen will continue to buy land in the Horn River Basin.