October 28, 2026

Montney BC North natural gas full cycle costs at AECO equivalent range from a low of USD $2.21/Mcf for wells with an Initial Productivity (IP) greater than 18 MMcf/d to a high of USD $6.75/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 $0.94/Mcf. Average Operating costs are USD $1.23/Mcf while royalties & taxes and overhead are USD $0.04/Mcf. F&D costs range from USD $0.22 to $2.67/Mcf and the 15% producer return ranges from USD $0.18 to $2.26/Mcf. The assumed AECO differential is USD $0.44/Mcf.

Incorrys analysis shows 183 Tcf of gas resource available below USD $3/Mcf and 186 Tcf available below USD $4/Mcf. Raw gas production in 2025 was almost 3.4 Bcf/d (1.02Tcf/yr).