Black Diamond Dene Limited Partnership has signed a long-term camp lease for workforce housing facilities in the Horn River Basin of Northeastern British Columbia, three hours north of Fort Nelson.
Black Diamond Dene Limited Partnership acquired the operating camp lease, which includes a 425-room lodge, and related infrastructure in the Horn River area at kilometre 90 on Komie Road.
“This is a unique opportunity for Black Diamond to service customers active in the Horn River Basin and satisfy the future housing demand we anticipate from increased B.C. natural gas exploration and production stemming from LNG export projects,” said Black Diamond Group’s president and chief executive officer, Trevor Haynes.
The facility has been operated by a North American energy producer and managed by Black Diamond since 2008.
Black Diamond said it will operate the facility as an open camp. There are currently three anchor tenants, whom are active in exploration and
The company foresees revenue to exceed $17 million through 2015.
In 2009, Black Diamond and the Fort Nelson First Nation entered into an equity-based agreement called Black Diamond Dene LP.
According to the company’s website, the goal has been to provide customers in the area with a quality, competitively-priced service while including the Fort Nelson First Nation people in the benefits that come with the development of their traditional lands.
Black Diamond Group is one of North America’s leading providers of remote workforce housing. The Calgary-based company is one of the fastest growing remote lodging, modular building and energy services companies in the world.
Northern British Columbia is home to one of the largest untapped natural gas deposits in the world.
Apache has confirmed a shale play in the Liard Basin that has a net estimated sales gas of 48 trillion cubic feet (Tcf) of natural gas, or 8 billion BOE, across 430,000 acres held with a 100 percent working interest.
Apache also has interest in 200,000 net acres in the adjacent Horn River Basin, which it calls “one of the highest-quality unconventional gas plays in North America.”