CNRL hires advisors for Montney holdings sale

The oil producer first indicated in March it is looking to sell or develop a partnership to develop its vast holdings in the Montney shale gas region. That means monetizing around a quarter of its holdings in the Graham Kobes area, which is rich in natural gas liquids.

 CNRL is considering either outright selling the land, or entering a joint-venture with a partner with liquefied natural gas expertise. 

The company reported a $213 million drop in first quarter income. So far it has not entered the race to export LNG from B.C.’s west coast.

 

 

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About Erica Fisher 4010 Articles

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor’s Degree in Journalism from Concordia University in Montreal, Quebec.