OIL & GAS

Natural gas & condensate (Montney, Duvernay, Deep Basin)

136 Tcf proved gas feeds oil sands steam, power, petrochemicals, hydrogen and LNG Canada.

Alberta holds 136 Tcf of proved marketable gas (151 Tcf proved + probable) with Montney alone at 58 Tcf. Marketable output was 11.5 Bcf/d in 2025 and the AER sees 13.5 Bcf/d by 2035 as LNG Canada and petrochemical demand pull on the basin. AECO under C$2/GJ means liquids and ethane credits decide which wells get drilled.

POTENTIAL & KNOWN RESERVES IN ALBERTA

136.0 Tcf proved marketable gas; 381.5 Tcf in place

Confidence: Measured

Where it occurs

  • Montney (Grande Prairie–Valhalla–Gordondale)
  • Duvernay Kaybob
  • Deep Basin Spirit River (Wilrich, Falher, Notikewin)
  • Cardium gas
  • Foothills Devonian sour gas

Official reserve pins on the map

Live Atlas valuation (reference scenario)

2 subsurface assets priced by the Atlas engine: economic value $135B. Move the Scenario Laboratory sliders on the map to reprice.

  • Montney (Alberta side)390K Bcf in place · recoverable $81B · economic $74B (91% clears break-even)
  • Duvernay Shale Fairway15K MMbbl in place · recoverable $65B · economic $62B (95% clears break-even)

GEOLOGY: WHAT MAKES A DEPOSIT MORE LIKELY

Basin-centred and shale gas systems with liquids windows controlled by thermal maturity; conventional sour gas in Devonian carbonates.

Host formations
Montney · Duvernay · Spirit River Group · Cardium · Leduc / Wabamun (sour)
Depth range
2K–4K m

Favourable conditions

  • Montney 150–300 m thick, over-pressured, in the condensate window along the Alberta trend
  • Duvernay TOC 3–8 % with carbonate content that fractures well
  • Deep Basin: stacked tight sands with continuous gas saturation below the water line
  • Short tie-in distance to NGTL and deep-cut straddle plants

Prospectivity envelopes on the map (1)

  • Montney (Alberta side)Producing / drill-proven
    Tight siltstone liquids-rich gas, multi-stage fractured horizontals · 2K–4K m
    • Triassic Montney 150–300 m thick, over-pressured, 2,000–3,500 m deep
    • Condensate-rich windows along the Grande Prairie–Valhalla trend
    • NGTL pipeline and LNG Canada feed-gas pull
    Source: AER ST98 Montney reserves; AGS Montney play atlas.

DATASETS THAT TEST THE TARGET

Stack these layers on the integrated map

Discriminating datasets first, then every catalogued public dataset tagged to this commodity. Verified endpoints draw directly; link-only entries open the publisher page.

  • 3D Provincial Geological Framework: Precambrian subcrop zonesAlberta Geological Survey · Structure, depth & isopach · drawable · verifiedEntry point to the provincial 3D framework: which Paleozoic zone sits on basement controls helium traps, brine aquifers and storage seals.Source ↗
  • 3D PGF depth-to-Precambrian grid (LERC, link only)Alberta Geological Survey · Structure, depth & isopach · link only · verifiedBasement depth controls geothermal gradient, helium source proximity and basin-centred gas pressure.Source ↗
  • Active producing wells (Alberta Energy Geoview)Alberta Energy and Minerals · Wells · link only · verifiedWhere hydrocarbons are flowing today: live reservoir pressure, produced-water (brine) access, helium-bearing gas streams and infrastructure for re-entry.Source ↗
  • Petroleum & natural gas agreementsAlberta Energy and Minerals · Mineral tenure · drawable · verifiedWho holds the hydrocarbon (and helium) rights; open Crown land shows where a posting is possible.Source ↗
  • Subsurface temperature points (BHT-derived)Alberta Geological Survey · Geothermal · drawable · verifiedThermal gradient for geothermal doublets and for DLE kinetics in lithium brines; basement temperature grids exist as LERC tiles.Source ↗
All 15 tagged datasets
  • Bedrock geology polygons (DIG 2013-0018, queryable)Alberta Geological Survey · Bedrock geology · drawableSource ↗
  • 3D Provincial Geological Framework: Precambrian subcrop zonesAlberta Geological Survey · Structure, depth & isopach · drawableSource ↗
  • 3D PGF depth-to-Precambrian grid (LERC, link only)Alberta Geological Survey · Structure, depth & isopach · link onlySource ↗
  • Alberta earthquake catalogue (incl. induced)Alberta Geological Survey · Seismic & crustal transects · drawableSource ↗
  • AGS prospective areas for mineral explorationAlberta Geological Survey · Mineral occurrences · drawableSource ↗
  • NRCan Map 900A: producing mines, mineral areas, oil & gas fieldsNatural Resources Canada · Mines & operations · drawableSource ↗
  • Petroleum & natural gas agreementsAlberta Energy and Minerals · Mineral tenure · drawableSource ↗
  • Non-Crown mineral ownershipAlberta Energy and Minerals · Land constraints · drawableSource ↗
  • Oil sands areas & royalty regime boundariesAlberta Energy and Minerals · Mineral tenure · drawableSource ↗
  • AER Map-90 oil & gas fields (digitized)Alberta Energy Regulator (digitized) · Known reserves · drawableSource ↗
  • Pipelines & facilities (ERCB Geoview)Alberta Energy and Minerals · Infrastructure · drawableSource ↗
  • Active producing wells (Alberta Energy Geoview)Alberta Energy and Minerals · Wells · link onlySource ↗
  • Parks & protected areas (by designation)Alberta Forestry, Parks and Tourism · Land constraints · drawableSource ↗
  • First Nations reserves & Métis settlementsGovernment of Alberta · Land constraints · drawableSource ↗
  • Alberta Township System gridAlberta Energy and Minerals · Grid & base · drawableSource ↗

VALUE & VALUE CHAIN

AECO-C: C$1.80/GJ spot (late Sep 2026); 2025 average C$1.74

AER forecast C$2.73 (2026) rising to C$3.99 (2035)

AER AECO-C price ↗

Alberta demand: 7.4 Bcf/d (64 % of output) → 8.7 Bcf/d by 2035

Gas-linked: the Atlas prices gas off the AECO slider; liquids credits are captured in the conventional-oil profile.

Value chain

  1. Drilling & multistage fracturing
  2. Gathering & deep-cut processing
  3. NGTL system
  4. Oil sands steam, power, petrochemicals, hydrogen, LNG export (Kitimat)

Industries and products that rely on it

IndustryProductsAlberta capacityGrowth
Oil sands steam & upgradingSAGD steam, Hydrogen for upgradingLargest single demand segmentGrowthTracks in situ bitumen growth to 2035
Power generationCombined-cycle and cogenerationCoal phase-out complete 2024GrowthGas-fired share rises with data-centre load; CER sees gas without CCUS limited after 2040
LNG exportLNG to AsiaLNG Canada Ph1 14 Mtpa (June 2025); Ph2 FID targeted end-2026Strong growthCER: Canadian LNG 6.1 Bcf/d; Canadian gas +50 % to 27 Bcf/d by 2050 ↗
Petrochemicals & fertilizerEthylene / polyethylene, Ammonia / urea, MethanolJoffre, Fort Saskatchewan, Redwater, Dow Path2Zero (2029)GrowthEthane demand to 288 kbbl/d by 2034
HydrogenBlue hydrogen, AmmoniaAir Products Edmonton 1,500 t/d under constructionGrowthAlberta H2 2.6 Mt (2025) → 4.4 Mt (2035)

DEMAND & PRODUCTION PROJECTIONS

What the forecasts say

Key risks

  • Sustained AECO below C$2/GJ
  • LNG Canada Phase 2 timing
  • US tariffs on Canadian exports
  • NGTL constraints in the north-west

DEVELOPMENT: TENURE, ROYALTY, PERMITTING

What a developer needs to know

Tenure
PNG lease / licence; helium, CBM and lithium brines ride on separate or overlapping tenure.
Royalty
MRF 5 % pre-payout, post-payout rates tied to price and volume; 200 Mcf/d maturity threshold.
Lead time
6–12 months per pad; years for new processing / NGTL capacity

Permitting path

  1. AER well licence and Directive 083 hydraulic fracturing
  2. Water Act diversion for frac water
  3. Subsurface orders for induced seismicity zones

Infrastructure needs

  • Deep-cut gas plants
  • NGTL mainline expansions
  • Condensate and ethane pipelines (AEGS 330 kbbl/d)

Active players

TourmalineCanadian NaturalARC ResourcesOvintiv (incl. Paramount)PeytoAdvantageBirchcliffKiwetinohk

Recommended next steps

  • Map liquids yield against formation tops to prioritise condensate windows
  • Model ethane credits under Dow Path2Zero demand
  • Watch LNG Canada Ph2 FID (end-2026) as the basin's growth trigger

MINES, PILOTS & PROJECTS (0)

Who is already working this commodity in Alberta

No operating mine, pilot or advanced project is tracked for this commodity in Alberta.

SOURCES

Profile updated 2026-10-08. Registry provenance ids: L20, L13 (Survey Data Registry).

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