Canada posts dismal well-license year
For Petroleum News
The verdicts keep rolling in and they’re not pleasant: Canada’s natural gas sector is in a hole that continues to deepen.
In the latest evidence of the sector’s plight, regulators issued 12,740 licenses for gas-targeted wells in 2007, down from 18,270 in 2006 and the peak year of 21,503 in 2005.
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