Corridor Resources plans to boost gas output near Sussex
If approved, up to five existing wells to be fracked to stimulate gas production
Corridor Resources is planning to increase production from its existing natural gas wells in the Sussex area.
The company plans to spend $27 million to increase production in McCully Field in Penobsquis and areas near Elgin if it obtains the necessary regulatory approval.
Corridor intends to stimulate up to five existing wells by fracking them, a company spokesperson said.
"Our program for our McCully area in New Brunswick is to reenter three wells in our McCully area and fracture stimulate some sections in those wells to increase production in our McCully facilities," said company president Phillip Knoll.
"At this point we're simply going on to existing well sites and fracture stimulating some patterns that already exist in these wells."
A company spokesperson later called to say it could be up to four wells in McCully Field and one in the Elgin area, for a possible total of five.
Corridor has been producing gas in the Sussex area since 2003.
The wells are connected to the Maritimes and Northeast pipeline that supplies customers in New England the New Brunswick.
The plan to increase production is driven by the current high price the fuel is selling for in New England and New Brunswick.
Demand exceeds supply for natural gas in the northeast.
"And this means for many years to come, we will see elevated prices," said Knoll.
Corridor recently signed a deal to be a partner in exploration for natural gas on Anticosti Island in the Gulf of St. Lawrence.