Canada faces flat E&P yearLehman survey says 2004 upstream spending at C$13.6 billion will be close to 2003; at $2.3 billion EnCana leads field of 58 companies in North America Gary Park Petroleum News Calgary correspondent
The feverish pace of drilling, well licensing and land buying in 2003 is expected to level off in Canada this year, according to a capital spending forecast by New York-based investment bank Lehman Brothers.
A survey of 58 E&P companies projects spending (all amounts in U.S. dollars unless otherwise....
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