Canadian Association of Petroleum Producers hopeful for what is to come

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FORT ST. JOHN, B.C. – The Canadian Association of Petroleum Producers was the speaker at the Fort St. John District & Chamber of Commerce luncheon this afternoon.

Last year, The Canadian Association of Petroleum Producers drilled a total of 3,700 wells in Western Canada and this year they are expecting to drill close to 5,400 wells.

In British Columbia specifically, there were 285 wells drilled and CAPP is projecting just over 300 for this year.

Chris Montgomery, Manager, E&P Engagement for the Canadian Association of Petroleum Producers says drilling in B.C. has been slow.

“When prices were high, they would drill just about anywhere, they would get a reasonable return on their investment but that isn’t the case today.”

Montgomery notes that CAPP has a positive relationship with new B.C. Premier John Horgan.

“He has prior to his political life, he has a great deal of experience with our industry. We have a very good relationship with him.”

Montgomery says they have also met with the new Minister of Energy, Mines and Petroleum Resources, Michelle Mungall.

“We had a pretty positive first impression with her and her willingness to get to know our industry and the issues that are before us.”

CAPP also is supportive of the federal government and their goal when it comes to carbon emissions.

“We are committed to reducing our environmental footprint when it comes to emissions. We support the federal government and their goal to reduce emissions by 40-45%.”

Montgomery also touched on the decision that was made to pull the plug on Pacific NorthWest LNG. More recently, the BC NDP have announced that they will be joining the fight against Kinder Morgan, something CAPP says they will have to ‘agree to disagree’ on with the government.

“We feel that as an industry, that proposed project is in the best interest of the country, the best interest of the province of British Columbia.”