prox•im•i•ty
-noun
nearness in place, time, order, occurrence, or relation.
Frac sand is a key component to the development of the large shale gas plays in northeast British Columbia's Horn River Basin (HRB), Liard Basin and Montney Basin. These are rapidly developing world-class plays, that have attracted billions of investment dollars from many major producers. Early testing and development of shale-gas in NE BC relies on supply of frac sand from distant sources delivered at high transport costs fraught with logistical challenges. The large volumes of frac sand required for planned well completions has resulted in a robust market valued in the hundreds of millions of dollars per year -- still in its early stages, the market will likely grow and may be sustained for decades.
In 2009 Stikine began a search for potential local sources of raw material that could be processed to make high-quality frac sand. By focusing on the immediate areas around the shale gas basins Stikine's projects will have a significant cost advantage because of proximity to these growing markets. The Company made significant discoveries of large quartz-pure sandstones projects and has advanced work to a pilot-scale process trial that has demonstrated excellent results and anticipated low costs.
Stikine is committed to becoming a dominant frac sand producer and supplier to British Columbia's shale gas industry. The Nonda Project is located approximately 150 km west of the HRB and the Angus Project is approximately 200 km south of the Montney Basin, with major infrastructure nearby. Both projects are in the heart of major gas plays but opportunities to supply beyond BC into other markets may also exist.
-noun
nearness in place, time, order, occurrence, or relation.
Frac sand is a key component to the development of the large shale gas plays in northeast British Columbia's Horn River Basin (HRB), Liard Basin and Montney Basin. These are rapidly developing world-class plays, that have attracted billions of investment dollars from many major producers. Early testing and development of shale-gas in NE BC relies on supply of frac sand from distant sources delivered at high transport costs fraught with logistical challenges. The large volumes of frac sand required for planned well completions has resulted in a robust market valued in the hundreds of millions of dollars per year -- still in its early stages, the market will likely grow and may be sustained for decades.
In 2009 Stikine began a search for potential local sources of raw material that could be processed to make high-quality frac sand. By focusing on the immediate areas around the shale gas basins Stikine's projects will have a significant cost advantage because of proximity to these growing markets. The Company made significant discoveries of large quartz-pure sandstones projects and has advanced work to a pilot-scale process trial that has demonstrated excellent results and anticipated low costs.
Stikine is committed to becoming a dominant frac sand producer and supplier to British Columbia's shale gas industry. The Nonda Project is located approximately 150 km west of the HRB and the Angus Project is approximately 200 km south of the Montney Basin, with major infrastructure nearby. Both projects are in the heart of major gas plays but opportunities to supply beyond BC into other markets may also exist.
