November 18, 2025

Montney BC North natural gas full cycle costs at Henry Hub (HH) equivalent range from a low of USD $1.87/Mcf for wells with an Initial Productivity (IP) greater than 18 MMcf/d to a high of USD $4.87/Mcf for wells with an IP of under 3 MMcf/d without taking into account liquids uplift. Average liquids uplift in Montney BC North is USD $0.52/Mcf. Average Operating costs are USD $0.50/Mcf while royalties & taxes and overhead are USD $0.24/Mcf. F&D costs range from USD $0.13 to $1.57/Mcf and the 15% producer return ranges from USD $0.14 to $1.69/Mcf. The assumed HH differential is USD $ 0.86/Mcf.