October 28, 2026

Montney BC South natural gas full cycle costs at AECO equivalent range from a low of USD $2.25/Mcf for wells with an Initial Productivity (IP) greater than 18 MMcf/d to a high of USD $8.94/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 $1.04/Mcf. Average Operating costs are USD $1.04/Mcf while royalties & taxes and overhead are USD $0.05/Mcf. F&D costs range from USD $0.30 to $3.70/Mcf and the 15% producer return ranges from USD $0.29 to $3.58/Mcf. The assumed AECO differential is USD $0.44/Mcf.

Incorrys analysis shows 157 Tcf of gas resource available below USD $3/Mcf and 159 Tcf available below USD $4/Mcf. Raw gas production in 2025 was almost 4.5 Bcf/d (1.46 Tcf/yr).