The Next Big Shale Boom Could Be North of the Border ...Middle East

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The Next Big Shale Boom Could Be North of the Border
source : OILPRICE ( Middle East ) () 29
The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And it’s in Canada. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent. It also has some rather solid crude oil resources—and some of the lowest production costs…

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