November 18, 2025

Montney BC South natural gas full cycle costs at Henry Hub (HH) equivalent range from a low of USD $2.94/Mcf for wells with an Initial Productivity (IP) greater than 18 MMcf/d to a high of USD $8.62/Mcf for wells with an IP of under 3 MMcf/d without taking into account liquids uplift. Average liquids uplift in Montney BC South is USD $0.67/Mcf. Average Operating costs are USD $1.28/Mcf while royalties & taxes and overhead are USD $0.29/Mcf. F&D costs range from USD $0.24 to $3.02/Mcf and the 15% producer return ranges from USD $0.26 to $3.16/Mcf. The assumed HH differential is USD $ 0.86/Mcf.