A few snippets on new gas in New Brunswick.. from just a couple of days ago that has got this "bidness" of new gas production in NB moved to the "front burner" (get it?? front burner??)
"Premier Blaine Higgs is pitching First Nations on hefty revenue potential if they agree to allow new shale gas development in New Brunswick.
But at least one Mi'kmaw chief is already standing in opposition to any new potential fracking because of environmental concerns and worries that it's being used as a political bargaining chip.
Higgs confirmed in an interview that his government sent all chiefs a letter this month outlining how they could potentially see between $800 million and $1.6 billion in revenue — shared among them over 20 years — if a shale gas reserve near Sussex is further developed."
some context of what it means for NB and PERIDEA below-don't listen to the perpetual "BLACK CLOUD" poster (u know who i mean)..This gas could also be a game changer for DOMESTIC energy consumption.read more below and ENJOY...dwdc
Sorensen said Pieridae shares control of a “very significant land base” concentrated east of Moncton in the Moncton Subbasin
“It’s potentially a very prolific natural gas reservoir with well over three to five tcf of gas in place, which sounds like a lot of gas, and recoverable it is probably quite a bit less than that. But it would still be in the range of about 200 to 250 million [cubic feet] a day,” he said.
Sorensen said they revisited the option following an approach by the Nova Scotia and New Brunswick provincial governments. He said Pieridae is waiting for the provinces to look at what they’re going to do with their ban on multi-stage fracking.
“There is some real interest to restart the natural gas side of the resource development, the original supply source for the project,” Sorensen said.
The revised proposal hinges on whether the New Brunswick government would be willing to eventually lift a moratorium on multistage hydraulic fracturing, or fracking, of natural gas in that province next door to Nova Scotia.
He acknowledges opposition from climate activists in New Brunswick, where then-premier Brian Gallant introduced a fracking ban in 2014. Except for a small exemption, the moratorium has stayed in place under Premier Blaine Higgs, who took office in 2018.