Oil & Gas Inquirer | March 2011

Page 13

Feature

ideas Grande

Despite low natural gas prices, innovative producers and service companies trigger an economic Revival in Grande Prairie By Mike Byfield

espite natural gas prices that continue to wallow dismally at about

Research and Innovation (CRI). Sponsored by the Peace Region Economic

$4 per thousand cubic feet (mcf), Grande Prairie’s energy sector is

Development Alliance and Grande Prairie Regional College, the CRI was

battling successfully to survive and thrive. Field crews have been

launched in 2007 with a $3.4 million grant from the provincial government’s

busy this winter and the future looks promising. Innovative pro-

Rural Alberta Development Fund.

ducers, including juniors, are probing the traditionally gas-prone

Letersky is a veteran specialist in economic and community develop-

region’s complex geological formations for liquid hydrocarbons. Meanwhile,

ment who grew up in the region near Spirit River. “I remember when Grande

locally based service companies are developing technologies with potential

Prairie had 3,000 people and still had a hitching post [for horses] down-

customers far beyond northwestern Alberta.

town,” he says. (The city’s current population is 50,000, servicing a market

The region has a gift for technical innovation. Currently, Alberta typi-

area totalling nearly 250,000.) “We were isolated for a long time, so people

cally ranks third among provinces in total patent applications per annum

learned to make their own replacement parts for farm implements and

(after Ontario and Quebec) but first on a per capita basis. Although the

other machinery,” the CRI coordinator says. “That self-sufficiency naturally

Mighty Peace has only five per cent of the provincial population, it accounts

evolved toward technical innovation.”

for as much as 40 per cent of the province’s patent applications. Companies

Every month, the CRI brings a patent lawyer to town, providing one-hour

based in Grande Prairie—for instance Risley Equipment Inc. and DAVCO

consultations to would-be inventors. “He’s seen more than 200 people so far

Manufacturing Ltd.—make patented forestry tools that are sold across

and we’re still going strong,” Letersky says. Besides helping with the patent-

North America, Australia and elsewhere.

ing process, the institute guides developers through the funding maze of

“At the moment, my client list of innovators has 59 people on it, many

research councils and government agencies. The CRI also offers practical

of them from the energy sector. We’ve got some excellent technology in

advice on technical drawings, prototypes, attracting investors and lenders,

the works,” says Jim Letersky, an adjunct staff member with the Centre for

and manufacturing start-up.

12

MARCH 2011 • OIL & GAS INQUIRER


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.