ShaleTech: Canadian Shales
Like the proverbial wet blanket, disquieting forecasts that have Canada’s unconventional sector devolving into a shadow of what it was only a few months ago, have effectively tempered the full-bore gushing that early last year accompanied the unveiling of the highly prospective Torquay shale play in southern Saskatchewan. To be sure, the prevailing 2015 outlook across the 540,543-mi2 Western Canadian Sedimentary basin (WCSB) is perhaps best personified by Calgary’s Trilogy Energy Corp. “We’re taking two steps back and effectively not drilling, as we don’t think its profitable to drill in this environment,” Trilogy President and COO John Williams said during a First Energy Capital conference in March.
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