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A well flare is pictured in the Groundbirch area of B.C.’s Montney formation. CNRL is buying Devon Energy’s Montney natural gas assets for $3.1-billion.
A well flare is pictured in the Groundbirch area of B.C.’s Montney formation. CNRL is buying Devon Energy’s Montney natural gas assets for $3.1-billion.
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CNRL deal signals gas is on the rise again

Canadian Natural Resources Ltd. looks to be renewing its commitment to natural gas. Its timing could prove fortuitous.

The Calgary-based oil and gas company, best known as one of the major players in Alberta’s oil sands, last month abandoned its plan to sell its natural-gas assets in the Montney region of British Columbia. Now it’s doubling down on natural gas, buying Western Canadian gas assets from Devon Energy Corp. for $3.1-billion.