Canada enters shadows
Rig fleet hits lowest activity since 1993; well permits drop 5.5% in 2007 from 2006; Alberta oil sands, natural gas hardest hit
For Petroleum News
The downturn in Canadian drilling is starting to register with the upstream sector operating at its lowest level in 16 years as low commodity prices, tight credit and Alberta’s new royalties leave their imprint.
The Canadian Association of Oilwell Drilling Contractors reported dismal numbers for Alb....
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.