Quebec: Caught in a bind
Province freezes drilling to conduct environmental review, introduces royalty regime in anticipation of eventual 50 tcf development
For Petroleum News
Of all the North American jurisdictions with shale gas resources, few if any have as much to win or lose as Quebec.
Early calculations estimate its Utica formation, stretching over 160 miles of the St. Lawrence Lowlands between Montreal and Quebec City, holds at least 50 trillion cubic feet of recov....
[additional news subjects in this story]
Review agency findings accepted
Sliding scale royalties
250 wells a year estimated
Alberta oversight ‘inadequate’
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