November 18, 2025

Montney Alberta natural gas full cycle costs at Henry Hub (HH) equivalent range from a low of USD $2.95/Mcf for wells with an Initial Productivity (IP) greater than 18 MMcf/d to a high of USD $11.14/Mcf for wells with an IP of under 3 MMcf/d without taking into account liquids uplift. Average liquids uplift in Montney Alberta is USD $1.74/Mcf. Average Operating costs are USD $1.08/Mcf while royalties & taxes and overhead are USD $0.28/Mcf. F&D costs range from USD $0.39 to $4.08/Mcf and the 15% producer return ranges from USD $0.33 to $4.11/Mcf. The assumed HH differential is USD $ 0.86/Mcf. Certain fields within the Montney Alberta play are liquids rich.