What is the Horn River Shale Basin Formation?
The Horn River Shale Formation ( British Columbia, Canada Shale ) is a natural gas shale field located deep below the earths surface. Located mainly in British Columbia B.C, Canada, the Horn River Basin shale play is the largest shale gas field in Canada according to B.C. Energy Minister Richard Neufeld. In 2007, companies spent a total of 240 million in new leases for the Horn River Basin Rock Deposit Area but due to the recession, that number as declined years after. Another emerging shale play in British Columbia just south of the Horn River formation is the Montney Shale. In late 2010, the Horn River Shale has shown some oil potential in the Exshaw Shale Formation as well as the Cardium Shale Formation. While it is very early, big time companies such as Devon Energy & Murphy Oil are talking highly on the oil potential here. The fact that there is a high potential to strike oil, the Horn River Shale is heating up again.
