HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PETROLEUM NEWS BAKKEN MINING NEWS

Providing coverage of Alaska and northern Canada's oil and gas industry
May 2006

Vol. 11, No. 19 Week of May 07, 2006

NWT minister pitches prospects in Texas

While the two key groups exploring for natural gas in Canada’s Arctic take their dispute over regulation of Mackenzie gas-gathering and mainline systems to the National Energy Board, putting the future development of the region in the balance, the Northwest Territories government is enthusiastically touting the region’s oil and gas potential.

NWT Industry Minister Brenda Bell said the Mackenzie Gas Project is only a small fraction of the opportunities to explore a basin estimated to hold 100 trillion cubic feet of gas, more than 16 times greater than the 5.8 tcf backing the Mackenzie plans.

He told a Houston conference that in terms of the NWT’s ultimate gas potential “it’s largely untapped.”

Bell is also confident that the Deh Cho First Nations, the lone hold-out among aboriginal communities, will not pass up the economic rewards the project offers.

He said the “immense” upside potential for benefits for the Deh Cho, whose land covers 40 percent of the proposed pipeline right of way, won’t leave that money on the table.

—Gary Park






Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.