Velvet energy has huge East Duvernay presence. From an article on Velvet..land values!
Petrel Robertson’s Hayes says activity in the East Shale Basin is largely responsible for the province collecting $180.13 million in land sale revenue by the end of June, up from $63.77 million at the same point last year. Overall, 526,080 hectares have been purchased in Alberta.
“It has become a very hot area,” he says. “But there hasn’t been a huge land rush like there was in the early days of the original Duvernay play. At one point, there was a half township of land sold there for $100 million.”