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Canadian Natural Looking at Alternatives for B.C. Shale Assets
Mar. 08, 2013 10:41AM PST
Oil and Gas InvestingReuters reported that Canadian Natural is considering alternatives for its B.C. shale assets, including selling them or finding a partner to help develop them.
Reuters reported that Canadian Natural is considering alternatives for its B.C. shale assets, including selling them or finding a partner to help develop them.
As quoted in the market report:
The company, which on Thursday reported a 58 percent drop in fourth quarter profit, said it will look for a buyer or find a partner with liquefied natural gas expertise for 250,000 acres of land it holds in the prolific Montney shale gas field in northeastern British Columbia, about a fourth of all its property in the region.